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Inditex opens first Zara store in cooperation with Grupo Simán in Costa Rica

16 May '05

2 min read

internationally latest fashion trends offering company zara has opened its first store in costa rica. the store is located in san josé, at the 'multiplaza escazú shopping centre. further to this launching, inditex reaches presence in 57 countries in europe, the americas, asia, the middle east and the north of africa.

zara enters this new market in cooperation with grupo simán, a distribution company from el salvador which operates in the whole central american region. grupo simán is also the franchisee of zara in el salvador, where the fashion chain was launched in 2002. including costa rica, inditex is present in 12 countries of the americas with more than 180 stores.

since the beginning of fy2005 the inditex group has opened more than 90 stores, 23 of which belong to the zara chain. among others, zara has opened new stores during this year in countries such as france, germany, the united kingdom, sweden, ireland, poland, the united states, canada or japan. more than 85% of the new zara stores have been launched outside spain, its domestic market. the inditex group estimates to open between 300 and 360 new stores in fy2005. between 100 and 110 of these will be zara outlets.

inditex, one of the world's largest fashion distributors, has over 2,300 stores in 57 countries. in addition to zara, tha largest of its retail chain, inditex has another seven commercial formats: kiddy's class, pull and bear, massimo dutti, bershka, stradivarius, oysho y zarahomhome. inditex is quoted on the spanish stock exchange since 2001. its capitalization is over 14,000 million euros.

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