Zara Owner Inditex May Cut Prices After Raising Them to Offset Inflation
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Zara owner Inditex raised prices in response to inflation but may lower them as demand weakens.
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Inditex shares have risen 64% in past year as it passed on costs and profits jumped.
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Investors will watch for signs of weakness in Inditex's first-half results on Wednesday.
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Inditex could cut prices by 2% in 2024 after raising them about 7% over last 2 years.
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Even with price cuts, analysts see Inditex's sales up 12% and profit up 33% in the first half.