International retail giant Zara is finding it tough in India and has reported its slowest sales growth since it entered the country in 2009, despite the country’s rapidly growing middle class and escalating spending power. Analysts believe this could be due to the fading novelty factor, weak currency and discounting. Zara has 13 stores throughout India but over half of its sales come from Mumbai and Delhi flagships.
ZARA HITS ROADBLOCK IN INDIA
