Skip to content.
Updated at 1:00 pm on 14 March 2013
The world's biggest fashion retailer Inditex, which owns the chain Zara, has reported another record profit.
The success of the company, which invented fast fashion - from the catwalk to the clothesrack in a matter of days - reported a 22% rise in profits of nearly €2.5 billion, or more than $US3 billion, last year.
The result comes as household incomes are being squeezed in Zara's home country Spain and right across Europe.
Zara is set to become even bigger in 2013 as it opens more shops in Russia and China.
Owner Amancio Ortega last week leap-frogged Warren Buffet to become the world's third richest man.
Neev Capital retail analyst Rahul Sharma says the businessman has hit on a winning formula.
He says the business is one of the most responsive, which reduces risk while also providing what shoppers want.
Copyright © 2013, Radio New Zealand
Audio is categorised based on the frequency of the programme it was heard in. Click on the headings below to access the programmes. For the most recently published audio, go to the latest audio page.
Streams are in Windows Media format. Mac and Linux users may need to install additional software. Get help with audio
A selection of music interviews, reviews, videos, concerts, sessions, and performances.
Downloads and podcasts are available for selected programmes. Our podcast page has a complete list of feeds.
Help on using online audio: formats, software, podcasts, downloading, and troubleshooting.