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Business News

Stylish uplift at Zara chain in the UK

Zara UK, the fast-fashion chain owned by the Spanish group Inditex, has bucked the downward trend on the high street by posting a sharp jump in full-year profits.

The surge in the clothing chain's performance is partly down to it cutting back on capital expenditure.

For the year to 31 January, Zara UK grew pre-tax profits to £15.8m, compared to a paltry £618,000 the previous year.

Its sales grew marginally from £310.6m to £332.4m. The retailer's performance was lifted by the launch of its transactional website during the year.