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Zara's UK profits climb 22%

Spanish fast-fashion retailer Zara’s UK pre-tax profits jumped 22% to £19.3m in its year to January 31 as Zara prepares to open its UK flagship store.

The Inditex-owned retailer’s sales surged 10% to £368.8m over the year.

Zara is gearing up to open the doors to its new flagship store in the UK at Land Securities’ Park House development on Oxford Street, opposite Marks & Spencer’s Marble Arch branch. The store is to open next month.

The flagship will be Zara’s fourth store on Oxford Street. It is already planning a fifth on the famous shopping street near Tottenham Court Road tube.

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