Zara Thailand launches online
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Zara Thailand is launching online sales in Thailand this month.
Vietnam will follow, with the service already introduced in Malaysia and Singapore this month.
Also this year, the brand will start selling online in India, where the Spanish fast-fashion chain is expected to reach sales of US$200 billion by 2025, according to a study by consulting firm Wazir Advisors.
Additionally, Zara parent Inditex has said it will open a 5000 sqm flagship Zara store in Mumbai, which will be the largest of its 21 outlets in India.
Inditex says its bottom-line profit rose by 10 per cent to €3.16 billion (US$3.3 billion) last year, beating out its main rival, Sweden’s H&M, which had a net profit of about US$2.1 billion.
Opening 279 stores in its latest fiscal year, to the end of January, it has nearly 7300 outlets in 93 countries, with five new markets including New Zealand and Vietnam.
Questions & Answers
Q.Which other Southeast Asian countries are getting Zara online sales this month?
Which other Southeast Asian countries are getting Zara online sales this month?
Zara's online sales service has already been introduced in Malaysia and Singapore this month. Vietnam is also expected to follow with online sales after Thailand's launch, expanding the brand's digital presence in the region.
Q.What is Zara's parent company planning for its physical presence in India?
What is Zara's parent company planning for its physical presence in India?
Zara's parent company, Inditex, plans to open a 5000 square metre flagship Zara store in Mumbai. This new outlet will be the largest of the brand's 21 stores currently operating in India, expanding its retail footprint.
Q.How did Inditex's profit growth compare to its main rival last year?
How did Inditex's profit growth compare to its main rival last year?
Inditex's bottom-line profit increased by 10 per cent to €3.16 billion last year. This performance beat its main rival, Sweden's H&M, which reported a net profit of approximately US$2.1 billion during the same period.
Q.How many new markets did Inditex enter during its last fiscal year?
How many new markets did Inditex enter during its last fiscal year?
During its latest fiscal year, ending in January, Inditex expanded into five new markets. These new territories include New Zealand and Vietnam, contributing to its global presence across 93 countries.
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