Inditex Opens 5000th Store

Spanish fashion retailer Inditex SA, which owns the Zara chain, plans to continue its expansion focus after opening its latest store in Rome this week. The company says it’s on target to meet it goal of 425 new stores this year, focusing on growth in Asia and Europe.

Inditex reported sales were up 14 percent and net profits rose 42 percent, or $1.58 billion, for the fiscal nine months ended October 31.