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Zara profits soar amid the gloom

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Zara profits soar amid the gloom

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The global economic doom and gloom does not appear to be affecting the Spanish owners of Zara. Inditex, the world’s largest clothing retailer has exceeded forecasts with 432 million in first quarter earnings. It is understood the profit surge is a direct result of its venturing into new markets, mainly in Asia. Sales have risen by 14 percent since the start of February.