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Global Expansion Pushes Zara Parent into 2011 Profit Surge

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Arteixo, Spain—Inditex, operators of Zara stores, reportedly the world’s largest apparel retailer, said today that its 2011 profit rose 12% thanks to its continued expansion worldwide. Despite the economic slowdown in its key region, Europe, the company posted a profit of 1.932 billion euros (about $2.56 billion), just beating analysts’ …