Sun shines on ASOS as Inditex and H&M feel the chill

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A worker cleans the windows of a branch store of H&M, Hennes & Mauritz, HMb.ST, the world's second-biggest fashion retailer in StockholmBy Sarah Morris and Anna Ringstrom MADRID/STOCKHOLM (Reuters) – Cold weather in recession-weary Europe left spring collections on the racks of the world's biggest clothing retailers, Inditex and H&M, while small British rival ASOS beat the seasons with soaring demand for its cost-conscious online offering. Spain's Inditex , which owns the Zara chain, posted its weakest quarterly growth in net profit in four years, and an unusually cold spring and early summer did little for sales of sleeveless minidresses and denim skater skirts going into the second quarter. Its shares slipped 1 percent. …