Spanish retailer DIA posts 7% fall in first-half sales
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MADRID (Reuters) - Spanish retailer DIA posted a 7% fall in first-half sales on Monday, but said a key indicator of its performance was starting to recover and promised to present an updated long-term business plan at the end of the year. Years of lagging peers who lured customers by investing more heavily in their stores had brought the retailer to the brink of insolvency just days after Russian tycoon Mikhail Fridman's LetterOne (L1 fund) raised its stake to 70% in May.The company said..