Zara targets Asia

Indetex, the Spanish fashion retailer who own Zara stated last week it has reached an agreement with Indonesian retailer PT Mitra Adiperkasa to open the first Zara clothing stores in Indonesia, starting with the opening of two outlets in the capital Jakarta later this year.

Inditex said in a press release it also plans to open eight new stores in Japan, two new outlets in Hong Kong and the fourth Zara store in Singapore, increasing its number of boutiques in the region to 30 by the end of the year. The company is aiming to double in size over the next five years through an ambitious strategy of new store openings. Inditex runs more than 2,000 clothing stores in 50 countries.