Zara aims to sell everywhere as Amazon encroaches

Zara owner Inditex is getting on the front foot as it faces up to Amazon’s encroachment in the fashion sector. The Spanish retailer intends to make clothes, from both the Zara label and its other brands, available online globally within the next two years, Bloomberg reports. To achieve this, the company needs to double its worldwide footprint – which currently boasts stores in 96 countries. It appears investor concern is behind this drive, with many fearing the threat posed by Amazon, which yesterday became the second $1trn-valued company. The decision will be welcomed by the logistics sector, with Inditex’s online sales growing more than 40% in 2017 and now accounting for 10% of total business.