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Zara goes online in 106 more countries, shares soar

Reuters  |  MADRID 

(Reuters) - Spain-based clothing retailer will make its products available to shoppers in an additional 106 countries, many of them in Africa, parent firm announced on Wednesday.

Despite a 41 percent increase in 2017, purchases account for only 10 percent of Inditex's group net sales, lagging some of its rivals.

Shares closed 5.2 percent higher after the news, clocking up the second biggest daily gain on Spain's stock index <.IBEX>.

said many of the new overseas markets were in and included Angola, Ivory Coast, and The store was also being launched in numerous parts of the and Indonesia, it said.

Countries or territories that do not have physical stores will be able to access a dedicated platform from Thursday, with orders processed in

"From tomorrow, Zara's global women's, men's and kids' collections will be available in a total of 202 markets, underpinned by the integrated store and online platform," the company said in a statement.

However, of those 202 markets, 47 will still not have an option. An said that the company will further expand its online offering, aiming to have all its brands available online by 2020, as previously announced.

Following the launch, customers in the countries covered will be able to place orders in euros, including shipping costs and custom charges, the company said. Orders will be fulfilled from the in

Inditex is seeking to integrate with its by focusing on large, attractive shops where customers might try on items to buy later online.

(Reporting by Sonya Dowsett, additional reporting by Isla Binnie; editing by Jason Neely, and Adrian Croft)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 07 2018. 23:57 IST
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