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(Yicai Global) Aug. 22 --The high-end brandUterqueunder Spain's quick fashion groupIndustria de Diseno Textil-- better known asInditex--debuteditsflagship storeon Alibaba Group Holding's Tmall ecommerce websiteyesterday.
Inditex's units includeZara,Pull&Bear, Massimo Dutti, Bershka, Stradivariusand others.
The speed with which these new products come onto the market is the same asoccursglobally, with new arrivals every week. The outlet now has more than 300of these goods on sale, online news portal Jiemian reported.
Uterque,Inditex'syoungest brand, was established in 2008.The name comesfroma Latin word meaning'each of two.'Its main business ishandbags, shoes, leather, products, scarves, glasses, umbrellas, hats and other fashion accessories.It alsosellsclothing and leather garments.Uterquehas over 80 stores in 16 countries and regions, public information shows.
Inditex isstarting topay more attention to e-commerce channels. Sinceitsintroductionin 2011,itsonline business has spread to 47 countries and regions around the world. Itse-commerce channel salesroseby 41percentin the fiscal year endingJan. 31,making up10percentofitstotal revenueofaboutEUR2.53 billion(USD2.9 billion).
E-sales arebecomingitsmost important growth driver.Uterquehas not yet opened anyoffline storesin mainland China, but alreadyhasplans to do so.
Editor: Ben Armour