Zara’s profits and sales in its United Kingdom market soared in its last financial year, reports Retail Gazette. The fashion company bucked the challenges plaguing its high-end street competitors. According to filed documents, the UK arm of the Spanish fashion retail giant recorded pre-tax profits of £51 million for the year ending January 31. This is a 30% increase compared to the £39 million profit the year prior. In the meantime, sales surged 17%, to £704 million for the same full-year period.
The figures were achieved despite selling and distribution costs increasing eight percent as parent company Inditex modernised its estate of Zara stores in London. The modernisation included a robot-operated click-and-collect warehouse and a self-checkout system at its Westfield Stratford branch. Zara operates 64 stores in the United Kingdom by the year’s end, compared to 66 the year before.