Inditex to launch Zara online store to coincide with A/W

23 Mar '10

4 min read

sector International Trade Union. The agreement endorses basic corporate social responsibility principles encompassing issues such as workers' right to join trade unions and engage in collective bargaining, environmental sustainability, fair trade and the health and safety features of merchandise, and represents significant progress in this type of agreement in the textile industry.

Outlook for 2010
Inditex plans to expand its store network in a range of between 365 and 425 new stores. Approximately 95% of this new retail space will be located in international markets. A highlight of new markets to be launched in 2010 is India, where the Group plans its first openings beginning in May (in New Delhi and Mumbai). The Indian expansion strengthens the Group's strategy for increasing its retail space in Asia, which will be home to more than 40% of commercial surface to be added in 2010.The first weeks of the 2010 fiscal year saw launches in new markets such as Kazakhstan and Bulgaria.

Inditex plans to launch its Zara online store to coincide with its Autumn-Winter season. The Zara online store will initially be available in France, Germany, Italy, Portugal, Spain and the United Kingdom.

Start of FY2010. Store sales in local currencies have increased by 14% from February 1st to March 14th 2010. The Spring-Summer season is influenced by the performance over the Easter period, due to the significant sales volumes during this period.

Inditex SA

More Fashion News - Spain...