Zara is going to withdraw from China and close more stores.

Estimated read time 2 min read

Recently, the news that the Spanish brand "ZARA will gradually withdraw from the Chinese market" has been circulating on social platforms. According to the Daily Economic News report, the staff of ZARA confirmed that the brand has recently closed stores in many cities such as Huizhou, Dongguan, and Shanghai.

Among them, the stores in Huizhou and Dongguan are the only stores in the local area, and they have been open for more than ten years. After the store closure, there are no longer ZARA physical stores in these two cities.

Regarding the rumor that "ZARA will gradually withdraw from the Chinese market," the above-mentioned staff said that there is no relevant news at present. It said, "We now have 87 stores in normal business." ZARA officially stated that the news of withdrawing from the Chinese market is not true.

ZARA is a subsidiary of the Spanish Inditex group, which operates a chain clothing retail brand and sets up chain stores in many countries around the world. Financial reports show that Inditex Group's net profit in the previous fiscal year was 5.4 billion euros (approximately 5.8 billion U.S. dollars). The rumor that ZARA will withdraw from China has attracted the attention of netizens.

On social platforms, there is news that ZARA's large number of fans are urgently shopping, and some netizens said, "Buy and cherish it while you can." Some netizens think that the quality of ZARA is not good and not worthy of the price. Some netizens also said that if ZARA withdraws, they will be very reluctant to part with it.

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