Business Intelligence on Retailing, Franchising, and Consumerism in China


Zara's Parent Company To Open 120 New Stores In China

With the opening of Stradivarius, a sister brand of Zara, at Beijing's Solana shopping mall, Spanish Inditex Group has introduced all its four brands, including Zara, Stradivarius, Pull&Bear, and Bershka into Solana.

The Chinese local media also reported that Inditex plans to open 120 new stores in China in 2011 and these new stores will include Zara and other brands.

As the parent company of Zara, Inditex is headquartered in Galicia, Spain, and it now has over 5,000 outlets. By January 2011, Inditex's net profit had increased by 32% to EUR1.7 billion.

Zara was founded in 1975 and it has 4,530 chain stores in 27 countries in Europe and 55 countries worldwide. It is not only an apparel brand, but also a leader in the fast fashion sector. Stradivarius was established in Barcelona in 1994 and it was acquired by Inditex in 1999. So far, Stradivarius is operating about 560 stores in 41 countries around the world. In addition, Inditex has 580 Pull&Bear specialty stores in 39 countries and 321 Bershka stores in 17 countries, targeting the young people market.






Be the first to comment on "Zara's Parent Company To Open 120 New Stores In China"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco