Zara is opening or revamping nearly 30 stores in the US by 2025 — here's where they're located
The Spanish fast-fashion retailer is planning 30 new store"projects" in the US over the next two years, including new stores, store relocations, and renovations to existing locations, Óscar García Maceiras, CEO of Zara's parent company, Inditex, said during a call with investors Wednesday.
Inditex currently has"less than 100 stores" in the US."This is a market in which for every $100 of fashion sold, we take less than $0.50 of that," García Maceiras said."So, we see really very strong growth opportunities." in 2022 across its portfolio of brands, which includes Zara, Bershka, and Massimo Dutti.
"As a result, we have been left with a network of bigger, better and more beautiful stores in the best retail destinations globally," he said."These destination stores, fully digital and sustainable, provide the customer with a good reason to visit us, and they sell 60 more per square meter compared to 2019 and 30% more per store."
Inditex plans to invest 1.6 billion euros, about $1.7 billion, in expanding its stores and warehouses worldwide, including a new Zara store on Paris' Champs Elysées, and at least 10 new locations across the US. The retailer on Wednesday released a partial list of the store openings and renovations it's planning by 2025:
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