This article was written with the assistance of ChatGPT.
The news: H&M reported a smaller-than-expected increase in sales for its first quarter, the latest sign it’s struggling to keep up with Zara owner Inditex.
Different approaches: H&M and Zara have taken opposing strategies to counter rising inflation.
Looking ahead: While H&M is cutting staff and closing more stores than it opens to preserve cash, Inditex plans to spend 1.6 billion euros ($1.7 billion) on store and warehouse expansion.
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