It has been announced that Intidex, the company that own fashion retailer Zara, has seen its sales rise 16% year-on-year to 14.74bn (£10.6billion) in the first nine months of its financial year and remain positive about its prospects in China despite a fall in the economy.
Inditex remain confident about its expansion in China even though other fashion retailers such as luxury brands Hugo Boss and Burberry having difficulties.
Pablo Isla, chief executive, said: “We have no doubt that the fashion appetite in China is large, our brands are better and better known. We are still feeling very optimistic.”
To add to the company’s success they have as a group added 136 new stores taking the total to 230, of which Zara opened 60 new stores, 44 Zara home sites and 26 Oysho lingerie branches.
