Zara sees UK profits surgeTuesday, 09 October 2012
Fast fashion is thriving in tough times, with Zara, the Inditex-owned company posting
a 22 percent rise in UK pre-tax profits to 19.3 million pounds in its year to January 31st.
The Spanish-based retailer saw sales increase to 368.8 million pounds over the year.
Zara is due to open the doors to its new flagship store in the UK at Land Securities’ Park House development on Oxford Street, opposite Marks & Spencer’s Marble Arch branch. The store is to open in November.
The flagship will be Zara’s fourth store on Oxford Street. It is already planning a fifth on the famous shopping street near Tottenham Court Road tube.