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ZARA launched online store this fall will increase investment in China
Inditex, the parent company of Spanish fast fashion big-name ZARA, realized a net profit of 432 million euros in February-April, up 30% over the same period of last year. Its recently released first quarter earnings report said that thanks to global business expansion, the first quarter of this year turnover of 3.41 billion euros, an increase of 15%. It is reported, Inditex is one of the world's largest clothing retailers, is also the Spanish market capitalization of the highest listed companies. In the brand's earnings last year, the company said it will continue to expand its presence in China this year. Including adding 150 stores covering more than 50 cities and launching ZARA online stores this fall. Inditex Group Chairman has said that the company has a strong growth opportunity in China. Inditex currently has 275 stores in China. According to statistics, Inditex has thousands of stores around the world and owns a number of clothing retail brands such as ZARA, PullandBear, MassimoDutti, Bershka, Stradivarius, Oysho and ZARAHome. One of the most famous ZARA, which is also Inditex Group's flagship brand.