Inditex, The World'S Largest Clothing Retailer, Slowed Down In Hua Kuozhang.
According to the US website Fashion Mag, quoted by Spanish newspaper "El Economista", Zara's parent company, the world's largest clothing retailer, broke through 500 stores in China, and intends to slow down the pace of expansion.
although
China's economy
As the growth rate slows down, its market potential still has strong attraction for Inditex.
At present, the company has opened stores in 60 Chinese cities including Shanghai, Beijing and Hongkong, and will focus on opening up in the future.
Flagship store
And redesign existing stores.
In the past 3 years, Inditex has opened more than 110 stores in China at an alarming rate of expansion, including 44 new stores in 2014 alone. However, only 8 stores were opened in the first quarter of 2015, and the speed has slowed down.
In 2014, Inditex passed.
Alibaba
Group online B2C platform Tmall TMall.com sells its brand clothing to Chinese consumers.
Inditex's brands include Zara, Stradivarius, Pull&Bear, Bershka, Massimo Dutti, Oysho and Zara Home, achieving net profit of 2 billion 500 million euros in the first quarter of 2015.
Sales volume
An increase of 8% over the same period.
Last year, Inditex opened more than 300 new stores in 54 countries around the world and provided over 8000 jobs.
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