Inditex fell the most in 2019, after the Spanish owner of the Zara clothes chain reported the weakest earnings growth in five years. It’s not immune to the retail malaise that has burdened rival, Hennes & Mauritz (H&M), and many others.

Inditex, the world’s biggest clothes retailer and owner of Zara, reported a 9% rise in first-half profit, but its gross margin, as a percentage of sales, slipped, because of a stronger euro.

The world’s largest clothing retailer, Zara owner Inditex, posted a 32% jump in first-half year profit yesterday, taking market share in its home market Spain and grabbing new customers online and in emerging markets.