Retail Human Resources plc
Inditex bucks trend
01 August 2011 10:03
Inditex has posted a sharp increase in profits at its Zara UK division, partly due to a reduction in capital expenditure and the launch of an online shop.
Full year profits surged to £15.8 million in the year to January 31st, up from £618,000 the previous year.
Sales improved marginally from £310.6 million to £332.4 million.
The retailer opened no new stores during the year and has no plans to add to its estate in 2011.
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