ZF English

Zara and Inditex brands continue expansion on the market

Autor: Cristina Rosca

15.02.2011, 08:09 21

Spain's Inditex group, the biggest player in the domesticapparel retail, with turnover of some 75m euros in 2009, will hirearound 400 people this year to prop up store network expansion,according to ZF calculations.
The company, present in Romania with seven of the 8 brands of thegroup, plans to step up its expansion this year, after havingopened 14 stores in each of the past two years, getting to a totalof 51 stores, BUSINESS Magazin reports.
Inditex' decision comes as one of its main rivals, Sweden's H&Mis entering the market.
Inditex will start this year's expansion with the first MassimoDutti store outside Bucharest, in Iulius Mall of Timişoara.
While the economy was hit by the financial crisis and consumerspending started to decline, 2009 and 2010 were not crisis yearsfor the Spanish group, as the store network continued to grow andthe company's turnover rose from around 45m euros to 75m euros in2009. Zara, the brand that owns the largest stores and the highestnumber of stores, has the biggest contribution to turnover (over50% in 2009).

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