Fast Fashion Giant Inditex Develops New Method, Will Realize All Brand Online Sale In 2020.

On Tuesday morning, Beijing time, on Tuesday, Inditex, the world's largest apparel retailer and Zara chain store owner, said that by 2020, the company will sell all brand products on the global Internet, covering some markets that do not currently have shops.

Inditex started in the 80s of last century.

Idea.

Facing younger online businesses like Boohoo.com, Missguided, etc.

The company is developing new technologies, partnering with technology companies and testing new ways of handling inventory.

Pablo Isla, chief executive, told reporters in Milan that the upcoming business system would allow customers to place orders online, manage store stocks and expand to all 96 countries with physical stores.

Inditex owns nearly 7500 stores and sells many brands including Pull&Bear, Massimo Dutti and Bershka to provide online services for 49 markets.

"We want to offer our fashion products to all our customers, no matter where they are," IRA said in a statement: "even though there is no entity store yet."

Although it is still behind some competitors, in 2017, Inditex's online sales increased by 41%, accounting for group net.

10% of the forehead.

Swedish H&M accounted for nearly 12% of online sales.

Last week, Morgan Stanley fell more than 5% on the Madrid Stock Exchange Following the downgrade of the Inditex stock rating to "reduction" on the basis of sensitivity to exchange rate movements and changes in sales channels.