Zara owners see 32% increase in profits
By Daniel Hunter
The owners of Zara fashion stores, Inditex, have seen first half profits rise following an increase in both stores and new customers.
Inditex, the world's largest clothing retailer, reported a net profit of 944m euros ($1.23bn; £758m) for the six months to 31 July, up 32% on the same period last year.
Net sales rose 17% to 7.2bn euros, while like-for-like sales, which excludes new store openings, rose 7%.
The group, who also own Massimo Dutti, Bershka and Oysho, opened 166 new stores in the first half of the year.
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