Spain'S Economy Is Stagnant, But Zara'S Parent Company Is In The Opposite Direction.

According to foreign media, the first quarter

Many commercial projects have been vacated by a break in the capital chain, and the country's real estate bubble may continue to affect the weak domestic economy and fragile business.

The Spanish National Bureau of Statistics said in June 14th that after more than 10 years of overconstruction and soaring prices, the Spanish real estate market stopped abruptly in 2008 and pushed the Spanish economy to the abyss.

On the evening of June 8th, Moodie downgraded Spanish government bonds on the grounds that the economy was weak, and the government applied to the European Union for a 100 billion euro rescue to restructure its banks.

Inditex, the parent company of Spain's fast fashion ZARA, is able to make a profit in the market. In the 2-4 month, it realized a net profit of 432 million euros, up 30% over the same period last year.

It overtook many Spanish electronics companies and banks and became Spain's largest.

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ZARA opens 150 stores in China and launches online stores this autumn.

Its first quarter earnings report said that benefiting from the expansion of global business, turnover reached 3 billion 410 million euros in the first quarter of this year, an increase of 15% over the same period last year.

It is reported that Inditex is the largest in the world.

It is also the most valuable listed company in Spain at present.

Due to the impact of the European debt crisis, Inditex has increased the speed of global business expansion.

The chairman of the Inditex group has said that China has particularly strong growth opportunities, and Inditex will increase its investment in China.

In its earnings report last year, the company said it would continue to expand its business in China this year.

It includes 150 stores, covering more than 50 cities, and launching the fast fashion ZARA online store this autumn.

At present, Inditex has 275 stores in China.

Statistics show that Inditex currently has more than 5500 shops in the world, and has branches in 82 cities around the world. Its brands include Massimo Dutti, Bershka, Pull&Bear and so on.

Although Europe's economy is not booming, Inditex still breaks all obstacles and moves forward. Its market share of Zara brand is only 6%, and there is still room for development.

With the strengthening of Zara's competitiveness in the fast developing market such as China, Inditex group will still have great profit and development space.