After the Spanish fashion retail group Inditex closed the physical stores of its brands Bershka, Pull&Bear, and Stradivarius in January 2021, it will now also close the online stores of the three brands. Currently, only Zara, ZaraHome, Oysho and MassimoDutti will remain in Spain.
Inditex Group, founded by Amancio Ortega, announced that its three major brands will stop providing online order services starting from July 30 this year. These three major brands entered China in 2009 and had 93 branches by the beginning of 2021, divided into: 37 Pull&Bear, 34 Bershka, and 22 Stradivarius. Currently, there are 127 Zara, 34 ZaraHome, 63 MassimoDutti and 55 Oysho brands in China.
However, according to the performance report in March last year, the group’s new CEO Oscar Garcia said that the Inditex Group believes that the United States is the most potential market and is currently Inditex’s No. 1 market. 2 main markets. Although it only has one brand, Zara, operating in the country and has only 99 stores. However, due to the maturity of e-commerce in the United States, the United States will become the second largest consumer market after Spain in 2021. Therefore, at this stage, Inditex Group will focus its investment on the United States.
