Korea Center Malltail Opens New Logistics Center in Spain

[Asia Economy Reporter Cha Min-young] Moltail, responsible for Korea Center's overseas business, announced on the 16th that it has opened a logistics center in Spain through aggressive pre-investment amid the resurgence of the novel coronavirus infection (COVID-19) in the European region.

The Spain logistics center, with a total area of 4,959m² (approximately 1,500 pyeong), can handle up to 10,000 logistics shipments per day. It is located in Madrid, the capital of Spain, and is within a 30-minute drive to Madrid International Airport.

The Spain logistics center is expected to handle ▲ clothing and accessory brands such as Zara, Massimo Dutti, Bimba y Lola, and Maje △ Spanish luxury brands ▲ the comprehensive shopping mall 'Vente-Privee' that offers hot deals to members ▲ and food products such as olive oil and truffle oil.

This Spain logistics center was opened in partnership with a specialized local logistics center in Spain, considering operational efficiency, to proactively respond to European direct purchase along with existing logistics centers in Germany and the UK. The center space can be flexibly utilized according to changes in logistics volume during peak direct purchase seasons and promotional periods.

Additionally, Moltail has also opened an Italy MD branch. The Italy MD branch is located in Milan and is expected to have high demand for △ Italian luxury brands △ clothing and accessory fashion brands △ and various cost-effective products.

The background for opening the Spain logistics center and Italy MD branch is that despite the impact of COVID-19, Moltail's European direct purchase transactions surged by 73% year-on-year until September, highlighting the need for proactive investment to meet the expectations of direct purchase customers.

In particular, from the perspective of companies in Spain and Italy, it is a very attractive market where they can secure Korean customers and also target Asian markets such as China and Japan using Korea as a base.

In fact, Moltail is experiencing a rapid increase in direct purchases in the European market and is accelerating the distribution of luxury brands such as Gucci, Balenciaga, Bottega Veneta, and Saint Laurent. Local luxury shopping malls and select shops, which have been struggling with sales due to the sharp decline in travelers caused by COVID-19, are very active in collaborating with Moltail, which has prepared luxury distribution based on a stable and advanced global logistics network accumulated over more than 10 years.

Moltail's strategy is to target the European direct purchase market and prepare for the post-COVID era by further advancing the logistics networks in Germany, the UK, Spain, and Italy through aggressive preemptive investment amid the resurgence of COVID-19 in the European region.

Moltail plans to open logistics centers in France and Finland, located in Northern Europe, in the first half of next year.

Kim Gi-rok, CEO of Korea Center, said, "Spain and Italy are among the European countries with high preference for direct purchases," adding, "Together with the logistics centers in Germany and the UK, we will grow into a logistics hub leading European direct purchases by partnering with local companies and will preoccupy the European direct purchase market."

This content was produced with the assistance of AI translation services.