People walk past a Zara store, an Inditex brand, in central Barcelona, Spain, March 8, 2016. REUTERS/Albert Gea
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Spanish global clothing giant Inditex, owner of the Zara brand, reported Wednesday a sharp jump in profits in 2015 due to higher sales and its international expansion efforts.The group said in a statement that net profit rose by 15 percent to 2.88 billion euros ($3.2 billion) for the full year period until the end of January.Inditex, which competes with Sweden's H&M as the world's top ready-to-wear clothing retailer, continued its expansion, opening a net 330 stores in 2015 .
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