Fast Fashion: Zara in India

 

The latest catwalk designs, at affordable prices. That's Zara's promise. But to deliver that in India, it will have to tweak its centralized business model.

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  • Spain's Inditex, Europe's largest clothing retailer, said Monday that it had opened the first store of its flagship Zara brand in India as part of its push into the fast-growing Asian market.The inauguration of the 1,800-square-metre (19,375 square feet) outlet in a shopping mall in the capital Delhi on Saturday will be followed by the opening of another Zara outlet in Mumbai and another in Delhi within weeks, it said.

  • Spanish retailer Inditex, parent of the Zara fashion chain, said that profits fell due to the economic downturn.

  • Clothing chain Zara opens its first store in India, as its Spanish owner Inditex continues its global expansion.

  • Inditex, the parent of the Zara fashion chain, says its net profit fell in the six months to July, beating analyst expectations.

  • Inditex, the parent of the Zara fashion chain, says profits rose 5% in 2009, helped by the opening of hundreds of new stores.

  • Europe's largest clothing retailer, Spain's Inditex, is taking its flagship Zara brand online, but it can expect stiff competition from other giants of high-street fashion already well-established in cyberspace.Zara's virtual boutique will be available on Thursday in selected European markets: Spain, Germany, France, Italy, Portugal and Britain.From 2011, it will be expanded to the United States, Japan and South Korea.But it will enter an already crowded sector, where its main rivals in low-cost fashion have been operating for years.

  • The owner of fashion chain Zara sees its quarterly profits rise 63%, helped by strong sales and new store openings.

  • Spanish retailer Inditex, the parent of the Zara fashion chain, sees flat annual profits in spite of a 10% rise in sales.

 
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