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Chinese malls, rocked by closing luxury stores, may be saved by the fast fashion wave. Inditex records profits of €2bn in the first three quarters with group ‘very optimistic’ about China prospects despite downturn. Zara China has shuttered its giant three-story, 30sqm Chengdu flagship store in a “fine-tuning” of its retail network.
The number of Zara stores in China grew percent every year between 20and 201 compared with only in the United Kingdom.
Certainly, some China industries are slowing, such as smartphones and automotive. And some industries are actually contracting, such as . Earlier this week, the Hong Kong-based retailer Yishion announced its expansion into Brazil. Over the next decade, the chain described by . Spanish retail giant Inditex, which runs the Zara chain, will open its first store in mainland China this week, part of a surge of foreign retailers . Inditex, fast fashion pioneer and parent company of leading retail chain Zara, has pushed boldly into China in the past two years, opening over . Prior to Zara joining Tmall, Inditex sales in China were set to grow as much as percent over the next few years, Barclays estimates.
Spain’s Inditex, owner of the Zara chain and the world’s biggest fashion retailer, is optimistic about long-term growth in China despite the . Sep How to evaluate a fashion brand’s performance in Chinese social media?
We took a look at what four of the most popular retail-clothing . Zara: complete list of store locations, store hours and holiday hours in all states.