Business Intelligence on Retailing, Franchising, and Consumerism in China


Zara To Open Chinese Internet Store In September 2012

Spain's Inditex, parent company of the fast fashion brand Zara, has announced plans to launch an Internet apparel store in China in September 2012.

In its financial report from February to April 2012, Inditex stated that buttressed by its expansion in Asian countries and growth in emerging countries, the group made revenue of EUR3.41 billion, a year-on-year increase of 15%, and it gained profit of EUR432 million.

So far, the company has opened over 5,600 stores in 84 countries and regions around the world, including Zara stores and Massimo Dutti stores. In its report for March 2012, Inditex said it will open 480 to 520 new stores in 2012, including a new Massimo Dutti store in America. In addition, the company will start the Internet sales of its Zara-branded apparel in China from September 2012.

As one of the largest apparel retail groups in Europe, Inditex's net profit reached EUR1.93 billion during the financial year ended January 31, 2012; while its sales increased by 10% year-on-year to EUR13.79 billion. Apart from Zara, Inditex operates several other brands like Massimo Dutti, Pull&Bear, Bershka, and Stradivarius.






Be the first to comment on "Zara To Open Chinese Internet Store In September 2012"

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Your email address will not be published.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