Zara has posted a 26% rise in annual nets profits to 803M euros for the year 2006. Its swedish rival H&M made a 193M euros net profits for its firts quater, up 21% on a year earlier. H&M said its sales across the entire three months to 28 february were up 20% year-on-year to 1.6BN euro, but cautioned that february sales incresead by just 11%, instead of the expected 15%. The two brands plan to open lot of stores through the world
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