Fashion chain Zara’s UK pre-tax profits soared 22% to £19.3m in its year to January 31 as it prepares to open its UK flagship store.

The Inditex-owned retailer’s sales surged 10% to £368.8m over the year.

Zara is gearing up to open the doors to its new flagship store in the UK at Land Securities’ Park House development on Oxford Street, opposite Marks & Spencer’s Marble Arch branch. The store is to open next month.

The flagship will be Zara’s fourth store on Oxford Street. It is already planning a fifth on the famous shopping street near Tottenham Court Road tube.