Business news from Ukraine

SPANISH-BASED INDITEX TO LAUNCH ONLINE ZARA STORE IN UKRAINE

Spanish-based Inditex SA, one of the world’s largest clothing retailers, plans to launch online sales of the Zara brand in Ukraine in the fall-winter of 2019, the company said in its report for the first fiscal quarter of 2019 (February 1 – May 30).
“Inditex continues to expand its global, fully integrated store and online platform. Inditex remains very active in differentiating its store database … During the autumn-winter campaign, Zara will launch an online store in South Africa, Qatar, Kuwait, Bahrain, Oman, Jordan, Colombia, the Philippines, and Ukraine,” the report says.
As of the end of 2018, nine Zara stores and two Zara Home stores were operating in Ukraine.
Overall, Inditex Group consisted of 65 stores in Ukraine, in particular, such brands as Pull & Bear (14), Massimo Dutti (6), Bershka (14), Stradivarius (12), Oysho (7), and Uterqüe (1).
According to the company’s report, its pretax profit in Ukraine in 2018 amounted to EUR28 million.
Inditex Group has been operating in Ukraine since 2008

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