Zara to launch online sales platform in India this October
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As part of the ongoing international expansion of its integrated store model, Zara will launch its online store in India this October. This was confirmed by Inditex’s Chairman and CEO Pablo Isla while reviewing the company’s performance in 2016.
Isla highlighted ‘solid, sustainable and integrated growth’ as key to the Inditex of the future.
Besides launching Zara’s online sales platform in India, this August the Group’s brands, including Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home will open their first stores in Belarus.
Speaking at the company’s Annual General Meeting in Arteixo, Spain, Isla defined Inditex as a company “focused on its people, devoted to creative talent and underpinned by an integrated offline-online store model.”
In 2016, Inditex Group’s points of sale surpassed the 7,200 mark in 93 countries and 41 online markets. Group revenue reached €23.31 billion, underpinned by growth in all the regions in which it does business, while net profit amounted to €3.16 billion.
At the end of the year, Inditex had 162,450 employees representing 99 different nationalities worldwide.
Questions & Answers
Q.What is the primary reason behind Zara's decision to launch online sales in India?
What is the primary reason behind Zara's decision to launch online sales in India?
The launch is part of Inditex's ongoing international expansion of its integrated store model. Chairman and CEO Pablo Isla highlighted 'solid, sustainable and integrated growth' as key to the company's future strategy. This expansion aligns with their focus on an integrated offline-online store model.
Q.Which other regions are seeing new store openings for Inditex brands this year?
Which other regions are seeing new store openings for Inditex brands this year?
Besides the India online launch, the Group's brands, including Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home, will open their first stores in Belarus in August. This shows a broader international growth strategy beyond India.
Q.How did Inditex Group perform financially in 2016?
How did Inditex Group perform financially in 2016?
In 2016, Inditex Group's revenue reached €23.31 billion, supported by growth across all regions where it operates. Net profit for the year amounted to €3.16 billion, indicating strong financial health and profitability for the company.