Inditex SA announced that it had finalized a USD 280 million investment in the US, buying a commercial building in New York's SoHo district. Located in one of the shopping areas, the premises house 4,400 sq m (47,360 sq ft) of commercial space. The building on 503-511 Broadway Avenue will become a retail outlet for Inditex's popular brand Zara.

Inditex aims to grow in the country through opening new stores and expanding its online presence so this acquisition aligns with its strategy. However, Inditex will continue to prioritise premise leases for new store openings.