Spain's Zara, a subsidiary of Inditex SA, will open its flagship China store at Shanghai's Hua Huai Road.

The Wall Street Journal reported this will be the 2,700th store worldwide for Inditex, one of the world's largest clothing retailers.

The company opened its Hong Kong store in 2004, and it plans to launch two additional mid-priced Zara outlets in Shanghai and Beijing, respectively, this year.