Inditex to Open First ‘Outlet’ Store in Madrid This Year

Inditex, the mother company of popular high street brands such as Zara, Bershka and Oysho, and its founder and owner, Spain’s richest man and the second richest man in the world, Amancio Ortega, never fail to be out of the spotlight these days.

And the reason is usually money and profit-related.

This piece of news is also certain to ensure that the fashion giant’s coffers will receive even more of a boost in the near future, as Inditex has announced that it will open its first footwear and accessories outlet store in Madrid later this year.

The store will be called Tempe Outlet and will be located in the Sambil Outlet commercial centre, which is provisionally set to be inaugurated this autumn. This will be in Calle Mondragón, Leganés in Madrid.

According to the director of operations for the Sambil company in Spain, the contract with Inditex is due to be signed in the next few days. This will ensure that Tempe de Madrid is housed in a premises measuring 400 square metres within the commercial centre.

Once the store is open, shoppers will have the opportunity to buy an enormous selection of shoes and other footwear, bags and other accessories from stores such as Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe.

All the items will be sold at a reduced price due to the fact that they are all from previous seasons.

The new store in Madrid will in fact be the fourth Tempe store in Spain. The other three are located in Culleredo (A Coruña), Allariz (Ourense) and Elche (Alicante).

The Tempe Outlet stores form part of the For&From project, which is an initiative set up in order to employ people with disabilities, as well as create a network of shops in association with social organisations that operate as franchises of Inditex.

In this way, apart from an initial injection of cash from Inditex to set up the store, the rest of the business is sustainable and is able to make profits and donate money to the social organisations involved.

Source: www.expansion.com, www.tempe.es