Inditex Russia registers 65% growth in retail area

13 Feb '08

3 min read

Inditex has ended FY2007 (FYE 31st January 2008) with 3,691 stores in 68 countries. Retail area has grown by 16% during FY2007 to reach 1.914.493m2. 80% of 560 Inditex new openings for FY2007 were in international markets.

Among the new openings, the following may be underscored:
• 32% growth in retail area in the Asia-Pacific region through 25 new stores,
• 65% growth in retail area in Russia, reaching 50 stores through 21 new stores,
• 98 openings in the Italian market, where all Inditex concepts are present.
All the concepts of the Group have contributed to the international expansion. With
this respect, the multi-concept growth in Russia and Eastern Europe should be
highlighted. As a result, Russia, Poland, Romania, Hungary and Serbia end the fiscal
year with stores of five or more concepts of Inditex.

New markets 07/08:
Over 2007 Inditex has opened stores in 50 different countries. Four new markets have been entered –Croatia, Colombia, Guatemala and Oman- and the Group is now present in a total of 68 markets. All concepts have increased their presence in international markets.

In 2008 Inditex will expand in four new markets: Korea, Ukraine, Egypt and Montenegro. The first opening will be for Zara in Ukraine. A store located at Khreshatik, the main shopping street in Kiev, is expected by April. Further openings in Ukraine are expected over the year for other concepts of the Group.

Given its size and economic prospects, Ukraine is considered by the company as a market with high potential to carry out its business. Also in Eastern Europe and during the Fall-Winter season, the first stores will be opened in Montenegro.

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