The most leading fashion chain in the world, is looking to open larger store, then one recently opened in Fort area, Mumbai. Zara, which is popular Spanish brand is looking to open larger stores of 30,000-50,000 sqft in all across country.
In Fort (Mumbai), Zara on Thursday opened 51,300-sq ft store which is its largest store of Zara in the country. According to report in Business Standard, Chief communications and corporate officer at Inditex (parent company of Zara), Jesus Echevarria said that the company has feels that costumers are more comfortable into larger stores, which gives them a better shopping experience.
Zara which opened its business in India in 2010, with opening a one, but now has a 20 stores under it. The company is also planning to absorb smaller stores into bigger ones. The lease rental deal was a record breaking deal for Zara’s largest store in Fort (Mumbai). Zara pays annual rent of Rs 30 crore to Supriwala Exports, who owns the building.