Zara-owner Inditex is one of the first big retailers to outline how it sees the industry’s future amid a tentative reopening. The answer: fewer stores and a more concerted push online.
Zara-owner Inditex SA said it is permanently closing as many as 1,200 stores—16% of its global outlets—and will pivot more aggressively toward selling online, as the fast-fashion giant maps out its post-pandemic future.
As many of the world’s major economies start to reopen, global retailers like Inditex are throwing open the doors to their stores again, hoping demand and foot traffic will return. But for many big players, including department-store chains and fast-fashion retailers, the pandemic only punctuated a yearslong...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zara owner Inditex books first quarterly loss as lockdowns shut storesZara owner Inditex booked its first quarterly loss on Wednesday after the coronavirus crisis forced it to shut almost 90% of its stores in the three months from February to April.
Read more »
Brooks Brothers closing stores list, could close factories - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
25,000 US stores could close in 2020, smashing 2019 records - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Signet will permanently close about 380 stores, including Zales, Kay, and Jared locations - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Stunning Images Of A ‘Churning’ Jupiter Emerge After NASA Spacecraft’s Close Shave Last WeekTake a moment to view several stunning images of Jupiter taken by NASA's Juno spacecraft
Read more »
Inside Rebecca Adlington's lockdown with boyfriend, ex hubby and close friendOlympic gold medal winning swimmer Rebecca Adlington is spending lockdown holed up with her boyfriend Andrew Parsons, ex husband Harry Needs and their pal Michael Gunning
Read more »