Representation of Inditex in Colombia leads the fashion retail business in the country

The latest report of the Fashion Map in Colombia, published by Mall & Retail, once again highlights the representation of the Inditex Group in Colombia as a leader in the national fashion market.

The figures reported in the study report that, with 11 years on the market and a total of 61 stores in Colombia, the Spanish group, represented by a Panamanian holding company in the country, charged 815,830 million pesos in 2017 on the national territory. Sales were largely dominated by Zara, which contributed 51% of the turnover, followed by Bershka and Stradivarius with respectively 17.7% and 13.3%.

The marks of the Spanish conglomerate jointly recorded a 10.6% increase in their turnover between 2016 and 2017, defying the national forecasts and continuing the expansion in Colombia.

According to figures obtained by the Superintendency of Industry and Commerce (SIC) in the country, the largest fashion groups are the Crystal Group and the STF Group, whose annual sales ended 2017 with figures above 650 billion pesos. The representation of the Spanish fashion holding in Colombia would surpass the local giants by more than 25%, with figures that, if they were to continue their expansionary race, would reach 1 trillion pesos by the end of the decade.

Raddar and Inexmoda announced for this year an average of 14.1 billion pesos in domestic sales, which means that Inditex brands contribute about 6% of total sales in Colombia. fashion in the country