Author: News Room

Zara’s Owner Is Set for an American Makeover. The Stock Is a Cut Above.

Markets

Inditex plans new U.S. stores and relocations of its Zara retailer. Dreamstime Zara’s owner Inditex is looking to the U.S. as an engine for growth. If American shoppers can be tempted to spend more on its fast-fashion outfits, investors should find the shares are a good fit.  Inditex’s (ticker: ITX.Spain) expansion in the U.S. has been cautious. It only has 101 U.S. stores, having opened its first in New York in 1989.  That could change under CEO Oscar Garcia Maceiras, who has been in charge for just over a year. Over the next two years the company plans 30 projects—including…

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