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Last Updated: Wednesday, 13 June 2007, 07:01 GMT 08:01 UK
Overseas sales boost Zara owner
Zara store
British shoppers have taken to Zara's "cheap chic" clothes
Overseas sales and cost controls have helped the owner of the Zara fashion chain to report market-beating profits for the February-to-April quarter.

Spain's Inditex reported a rise in net income of more than a third to 200m euros ($266.1m; £134.8m).

One of Europe's fastest-growing fashion retailers, Inditex said it also gained from the weak US dollar in which it buys most of its raw materials.

It opened 114 stores worldwide in the quarter and now has 3,245 outlets.

It also announced plans for further expansion, aiming to open between 440 and 520 new stores worldwide across its eight brands - which also include Pull and Bear, and Bershka - during the 2007 financial year.

The retailer's Zara franchise, which is designed to offer cheap fashion, is a popular format in the UK.


SEE ALSO
Spain resizes clothes for women
26 Jan 07 |  Europe
Zara and H&M to keep up expansion
29 Mar 06 |  Business
Fashion chains hurt by weak sales
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