Zara rations sales in Venezuelan stores

The multinational clothing company owned by Amancio Ortega, Spain's richest man, has introduced the restrictions in response to massive queues at its stores in the South American country after it introduced new, low-cost ranges. An "avalanche" of clients has descended on the shops in recent weeks according to Spanish daily 20 Minutos, causing crowd problems. Months of chronic stock shortages were followed by the arrival of new ranges of cheap clothes, triggering a surge in demand, but different media sources gave different reasons for Inditex's cut-price offers. More...