Spanish Fashion Retailer Zaras Parent Company Inditex Reports Rise in Profits and Expansion

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Inditex, the owner of Spain's fast-fashion pioneer Zara, reported a rise in 2011 net profit as the retailer doubled its store count in China and continued its swift expansion across Europe and elsewhere - proving it is possible to buck the recession. They've recently launched a global flagship store in New York on 5th Ave. Dow Jones's Christopher Bjork reports from Madrid, and compares Zara to retail giants H M and the Gap. Photo: Getty. • Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy • More from the Wall Street Journal: • Visit WSJ.com: http://www.wsj.com • Visit the WSJ Video Center: https://wsj.com/video • On Facebook:   / videos   • On Twitter:   / wsj   • On Snapchat: https://on.wsj.com/2ratjSM

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