Zara to Close 1,200 Stores as It Outlines Post-Coronavirus Future

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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...

 

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I hope they change their online store. Its creative and everything but I hate the fact the pictures are so big. Just a recommendation

fzerboni

Starbucks closing hundreds.of stores too. Remember, the stock market is not a reflection of the economy. Very painful times are coming, and we now know what Trump is like in a crisis...he hides in a bunker. Lets not do this to ourselves

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