Zara, with Slowest of its growth rate this Year.

Spanish fashion brand Zara posted its slowest sales growth in India during the year ended March, indicating that its novelty factor may be waning as consumers shift to global rivals such as H&M and Gap, which entered the country last year.'

The joint venture plans to open more Zara stores in India over the next three to four years in the major cities, after two additions last year took its total outlet count to 18,

Zara's average sales per store was about ₹47 crore last year, exceeding those of top apparel brands such as Louis Philippe, Levi's and Marks & Spencer and even slightly higher than department store chains Shoppers Stop and Lifestyle.