Profits up at fashion retailer Zara

LAST UPDATED: 26 Dec, 2016 @ 14:06
1
SHARE

zaraFASHION giant Zara is aiming to record a profit in every month of 2016 as the retailer looks back a fantastic year.

Owned by Spain’s richest man Amancio Ortega, the Spanish clothes retailer has announced profits for every month of the year so far.

Up by 9% on last year’s gains, parent company Inditex registered profits of €2.2 billion from February until October.

Meanwhile sales are up 11%, allowing the company to open 227 new stores and create 9,245 jobs over the past year.

JOIN THE CONVERSATION...

The Olive Press are not responsible and do not moderate individual comments before they are posted. Anyone who uses racist, sexist, homophobic or xenophobic language or hate speech will be blocked.
  1. Walk in to any shopping mall and 90% of the clothes shops are all owned by one person. People do not realise that they are purchasing from what is effectively one shop. When you have such a monopoly it’s not surprising you get such results, and of course factor in all of the child labour and other dubious practices and it’s profit all the way.

HAVE YOUR SAY...