MADRID: The list of retail casualties shutting up shop seems to grow by the month but Inditex, the world's largest clothing retailer, is still betting on its network of physical stores to drive growth.
The retailer is bucking the trend in an industry where companies are shrinking their real estate portfolios, either by shutting shops or reducing store sizes. "That's the thinking behind the Inditex strategy - to close the secondary stores and enlarge and improve their flagship stores." Last year, for the first time, Inditex shut more outlets than it opened in China - its biggest network outside Spain.
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