Oysho Archives - Inside Retail Asia
Zara growth is slowing substantially and analysts fear worse is to come.
Clothing retailer says it would sell products from all its brands on the Internet around the world by 2020.
First-half revenue rose by 11.5 per cent to US$13.8 billion for Spanish multinational clothing company Inditex Group.
Inditex sales grew 14 per cent in the quarter to April 30, to €5.6 billion, underpinned by a solid business performance in all markets.
Zara parent Inditex Group sales rose by 12 per cent in its latest trading year, reaching €23.3 billion.
Spanish lingerie brand Oysho, owned by Inditex, has opened its first store in Indonesia.
A Taubman Asia and Shinsegae Group development, the Starfield Hanam shopping center has opened near Seoul.
In a relentless drive to increase its footprint in the east, Inditex Asia has opened new stores over multiple brands.
Oysho, Inditex’s lingerie brand, has launched an Oysho China online store on Alibaba’s Tmall.
Inditex same-store sales and profit growth each increased by 5% in 2014.
Inditex-owned brand Oysho is ramping up its presence in Asia with a new store in Shanghai.
The store at Nanjing West Rd is the brand’s first in Shanghai. It offers lingerie as well as outerwear and informal loungewear.
Oysho, founded in 2001, has 37 stores across China and 533 worldwide.
Parent company Inditex also operates brands Zara, Pull & Bear, Massimo Dutti, Bershka, Stardivarius, Zara home and Uterque.
Mixxo Secret to expand store count.