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Spanish Inditex clothing group plans to make China its largest overseas market



Spanish Inditex clothing group plans to make China its largest overseas market Inditex Group, Spain’s largest clothing company, plans to make China its largest overseas market. In …

Spanish Inditex clothing group plans to make China its largest overseas market

Inditex Group, Spain’s largest clothing company, plans to make China its largest overseas market. In 2011, the group opened 483 new stores overseas, including 130 in China, accounting for 27%. By the end of 2011, Inditex Group had set up 275 stores in more than 50 cities in China, making China the third largest overseas market after Portugal (344 stores) and Italy (304 stores). According to the group’s expansion plan, 150 new stores will be opened in China in 2012, and China will become the group’s largest overseas market from 2013. The stores established by Inditex Group in China mainly include three brands: ZARA, Oysho and ZARAHOME.
In 2011, Inidtex Group’s turnover was 13.793 billion euros, a year-on-year increase of 10%; profit was 1.932 billion euros, an increase of 12%. There are 1,940 stores in Spain. According to statistics from Citigroup, the average store area established by Inditex in Asia is 566 square meters, which is higher than Spain’s 450 square meters; the unit area turnover in Asia is 5,746 euros per square meter, which is higher than Spain’s 4,089 euros per square meter.


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