CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business

Zara growth stalls

Published: 20 Mar 2014 - 09:01 am | Last Updated: 28 Jan 2022 - 06:58 am

A woman looks at clothes inside a Zara store in Madrid yesterday. Inditex, the world’s biggest fashion retailer, will accelerate investment in 2014 to open more new stores after results last year were hit by falling currencies outside the eurozone and the cost of revamping flagship stores. The core annual profit was flat at €3.9bn, the first time growth has stalled since it went public in 2001.