Plans for a 30% expansion have been announced which includes new Zara stores, relocations and enlargements of stores. The 30 units will be added or enlarged between 2023 and 2025.
Plans for a 30% expansion have been announced which includes new stores, relocations and enlargements of stores. The 30 units will be added or enlarged between 2023 and 2025.
The company has indicated that the work will take place in New York, Los Angeles, Miami, Chicago, Boston, Dallas, Austin, Texas and Las Vegas. Other exciting news is that the company’s fiscal year 2022 was outstanding. Inditex reported net income increase of 27% to €4.1 Billion . Sales reached €32.6 billion . In fiscal 2022 sales rose 23%, reflecting greater foot traffic and increasing store productivity. The higher achievement was accomplished with 10% fewer stores and 6% less commercial space than in 2021. Zara’s ongoing store optimization and digitalization continues to be the key to the success.
In 2022 Inditex opened stores in 33 markets. The group remains very active in store optimization and digitalization. Inditex continues to see strong growth opportunities. Key priorities are to continually improve the products, to enhance customer experience and to increase Zara’s focus on sustainability. In the coming years, Zara intends to extend it differentiation to take its business model to the next level.The great performance of Zara enhances the Inditex empire. Based on their forecast one can expect more improvements and greater productivity.
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