Global growth drives higher profits at Zara parent

03/13/2013 | Wall Street Journal, The

Zara parent Inditex booked a 22% rise in net profits last year, in large part driven by fast-growing global sales in Europe and Asia that helped the Madrid-based retailer offset softer sales at home, the company said. The company has boosted sales abroad through a combination of opening new brick-and-mortar stores and adding online retail stores in more markets.

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