Spanish Retailer Inditex to open 500th store in China

on February 4 2014 | in Daily Headlines Trending | by | with No Comments

Spanish retail group Inditex is about to open its 500th store in China.

The Chinese market is now Inditex’ second largest market after Spain, where it has more than 1869 stores. Inditex will also soon launch online stores in Mexico and South Korea.

With an active expansion program underway, the Zara parent expects to record a 14 per cent rise in revenue by 2020.

Inditex will be joined by its rival H&M of Sweden to expand in China. H&M CEO Karl-Johan Persson said the company plans to open 80-90 new stores in China this year.



Read more at Inside Retail Asia

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

« »

Get Your Copy of the June 2015 China Consumer & Retail Monthly

Follow Us

Daily Updates By Email

Latest Posts

Scroll to top