Zara Owner to Close 1,200 Stores permanently
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Sudarshan panda
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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