Archive for August 2012

SA attracts foreign clothing retailers

Aasif Surtee

It was inevitable SA’s vibrant clothing retail sector would eventually attract foreign players. And arriving they are, with big-name players Inditex (Spain) and Gap (US) having recently opened a smattering of stores in up-market SA malls. Inditex, the world’s largest apparel retailer, is the real heavyweight. Through 10 brands, including Zara, which it has brought to SA, it operates more than 5400 stores worldwide. The Spanish retailer is clearly aiming up-market. The first two Zara stores have opened in Sandton City and Umhlanga’s Gateway mall and a third is on its way in Cape Town’s V&A Waterfront. Inditex is playing its strategy in SA close to its chest, noting in a written response to the FM: “More openings will arrive as new good opportunities arise.” Nedbank Capital retail analyst Syd Vianello believes Inditex is looking to open 20-40 Zara stores. “Leading malls will want them and make […]

Read more