Retailing, Franchising, and Consumerism Business Intelligence 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.

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