Inditex said it will continue to expand its business in China this year, including the opening of 150 stores, covering more than 50 cities, and the launch of the ZARA online store this fall.
Inditex, the parent company of Spain's fast fashion brand ZARA, achieved net profit of 432 million euros in the first two months of the year, a year-on-year increase of 30%. The first quarterly financial report that was announced recently said that due to the expansion of global business, the turnover in the first quarter of this year was 3.41 billion euros, a year-on-year increase of 15%.
It is reported that Inditex is one of the largest clothing retailers in the world and the listed company with the highest market capitalization in Spain. In the brand’s financial report last year, the company stated that it will continue to expand its business in China this year. Including the addition of 150 stores, covering more than 50 cities, and launching the ZARA online store this fall. The chairman of Inditex Group has stated that the company has a strong growth opportunity in China. At present, Inditex has 275 stores in China.
According to statistics, Inditex has thousands of stores worldwide, and it owns a number of apparel retail brands such as ZARA, Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and ZARA Home. Among them, ZARA is the most famous and it is also the flagship brand of Inditex Group.
It is reported that Inditex is one of the largest clothing retailers in the world and the listed company with the highest market capitalization in Spain. In the brand’s financial report last year, the company stated that it will continue to expand its business in China this year. Including the addition of 150 stores, covering more than 50 cities, and launching the ZARA online store this fall. The chairman of Inditex Group has stated that the company has a strong growth opportunity in China. At present, Inditex has 275 stores in China.
According to statistics, Inditex has thousands of stores worldwide, and it owns a number of apparel retail brands such as ZARA, Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and ZARA Home. Among them, ZARA is the most famous and it is also the flagship brand of Inditex Group.
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