May 08, 2017
Zara, the Spanish fashion brand has opened its largest store of 51,300 sq ft in Fort, Mumbai. This is its largest store in India, with its 19 other stores being between 20,000 and 50,000 sq ft.They further plan to shut their smaller stores and absorb the merchandise and the staff into the bigger stores. Zara will be paying a record anuual rent of Rs 30 crores for this store. H&M, Zara’s biggest competitor which entered the Indian market in October 2015, has its largest store in Hyderabad at 33,000 sq ft.