PARIS — Inditex, the Spanish retailer that operates the Zara chain, said Tuesday it would open in four new markets this year — South Korea, Ukraine, Egypt and Montenegro — and significantly bolster its presence in fast-growing China.
This story first appeared in the February 13, 2008 issue of WWD. Subscribe Today.
Inditex revealed its expansion plans as it reported that 560 new stores opened last year, adding up to overall space growth of 16 percent.
Inditex operated 3,691 stores in 68 countries as of Jan. 31, the chain said. Of those stores, 1,131 units were dedicated to the Zara banner. Other Inditex operated chains include Kiddy’s Class, Pull and Bear and Massimo Dutti.
Inditex said its first significant opening this year was earmarked for April, when it would open in Ukraine.
The company said it also would continue to expand in Japan and China. New units are expected to open in Beijing, Shanghai, Hong Kong, Macau and Hangzhou this year in China.
Stores also are slated to open in the Chinese cities of Tianjin, Nanjing, Harbin and Shenzen.