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Inditex Q1 Profit Best Estimates on Fast Fashion Sales Rise

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Madrid—Despite being faced by currency fluctuations like many international retailers, Inditex, the “world’s largest apparel retailer,” reported Wednesday better-than-expected first quarter profit bolstered by its ever-expanding Zara chain. For its first quarter, Inditex posted a net profit increase of 28% to 521 million euros (about $588.52 million), beating analysts’ forecasts …

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Inditex Premieres Massimo Dutti Flagship in NYC

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New York—Americans are already familiar with Inditex’ biggest apparel and accessories chain Zara. Now the world’s largest apparel company is introducing its other retail business, Massimo Dutti, to the United States. Founded in Spain in 1985—with its first women’s collection launched in 1992—Massimo Dutti takes a more upscale, classic European …

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Inditex, Zara Parent, Posts Q1 Profit Rise as Aggressive Expansion Continues

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La Coruna, Spain—While its home turf may be struggling with a debt crisis, Inditex SA, parent to Zara, reported Wednesday a strong first quarter that beat expectations. Thanks to the fact Inditex has been expanding internationally especially in emerging nations, the company has been immune to the economic woes pervading …

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Global Expansion Pushes Zara Parent into 2011 Profit Surge

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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’ …