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Zara celebrates opening of 50th Japanese outlet, Shibuya
30
Nov '09
A new Zara store opens in the heart of Tokyo's Shibuya district, one of the world's leading shopping destinations, bringing Zara's number of outlets in Japan to 50. The store, spread over five floors and 1,500 m2 of retail space, features a spectacular façade designed by the Zara Architecture Studio that is sure to become a compelling draw for the brand in one of the world's busiest hubs for shopping traffic.

“This opening symbolises the strategic importance Asian markets hold for the Group, and caps a year of growth in both Japan and other surrounding countries," said Inditex First Deputy Chairman and CEO Pablo Isla. “We will continue to grow significantly throughout this region.”

Inditex has accelerated its Zara expansion in Japan in recent years, as the retailer opens stores in busy shopping areas in Tokyo and other cities throughout the country. Zara opened five shops in 2006, six in 2007, 11 in 2008 and 10 in 2009. As a result, in the past three years the Group has doubled the Zara network in Japan from 23 establishments in early 2007 to the current 50 stores. The retailer's growth in Japan will continue at a rapid clip in coming years.

Retail markets in Japan, China and Korea are Inditex's priority targets for expansion in the Asia-Pacific region. The region constitutes a very important strategic priority for Inditex: when combined, its countries represent the world's No. 1 market by population, and the region's growth is set to outpace that of the rest of the world in coming years. Consumer spending is on the rise, and the population has an especially acute interest in fashion. Inditex has welcomed shoppers in the Asia-Pacific region since 1998, when Zara opened its first Japanese store.

The Group opened its first Hong Kong establishment in 2004, while Zara disembarked on mainland China in 2006 with a flagship Shanghai location. The Group now has 61 shops throughout China through Inditex retailers such as Massimo Dutti, Bershka and Pull and Bear. Zara opened its first stores in Korea last year, and now operates 17 outlets there.

In addition to these markets, the Group has extended its retail network to shoppers in Singapore, Indonesia, Malaysia, the Philippines and Thailand. Inditex plans to open the first Zara stores in India in 2010.

Zara


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