Zara expects to open e-commerce platform in China in September this year

On June 27, 2012, the Spanish company Inditex Group, the parent company of the fast fashion brand Zara, made a profit of 432 million in the fiscal quarter of this year from April to April, relying on expansion in Asia and growth in the emerging markets. The amount reached 3.41 billion euros, an increase of 15% over the same period of last year.

Currently, the company has more than 5,600 stores in 84 countries worldwide, including ZARA brand stores and Massimo Dutti brand stores that account for two-thirds of its sales. The company announced in March that it will open new stores this year, including the new Massimo Dutti store opened in the United States, and starting in September of this year, and explore the Chinese e-commerce market, opening ZARA brand online sales platform.

The Inditex Group, which is Europe's largest clothing retail group, posted net profit of 1.93 billion euros between February 1, 2011 and January 31, 2012, and its sales increased 10% year-on-year to 13.79 billion euros. Gross profit was 59.3% of sales, as in the previous year. In addition to the Zara brand, Inditex Group also owns Massimo Dutti, Pull & Bear, Bershka, Stradivarius and other brands.

Inditex chairman and CEO Pablo Isla said that the group has strong growth opportunities in China, between the casual wear brand zara in China's market performance in recent years, Inditex group plans to increase 480-520 stores worldwide this year, including unveiled last week Zara New York Fifth Avenue flagship store.