Spanish firm Inditex credited strong growth to emerging markets

 

Inditex, the world's biggest clothing retailer which is best known for fashion chain Zara, just reported a 10 percent jump in annual net profit.

Same-store sales were also up 10 percent in the year to the end of January.

The Spanish firm credited strong growth in emerging markets as well as a policy of opening bigger stores in prime locations that are then integrated with its expanding online operations.

However, profitability fell due to negative currency effects.

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