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Inditex, the world’s biggest clothing retailer, has slumped to its first quarterly loss as a public company and announced a €2.7bn plan that will see up to 1,200 stores closed as part of a push...
Jun 11, 2020 · MADRID (BLOOMBERG, REUTERS) - Zara owner Inditex said it is permanently closing as many as 1,200 stores - 16 per cent of it's outlets worldwide - as the world's largest fashion retailer moves...
Dec 13, 2023 · Zara owner Inditex has reported a slowdown in sales growth, underscoring concerns about weakening consumer spending in the fashion sector.
Sep 21, 2021 · Zara is recouping its losses as apparel sales rebound. After taking a hit during 2020 due to the coronavirus, the fast-fashion retailer’s revenue has returned to pre-pandemic levels, parent company Inditex reported during its earnings this week.
Dec 13, 2023 · Zara owner Inditex said on Wednesday its net profit jumped 32.5 per cent in February-October, but the fast fashion giant’s sales growth in the nine-month period slowed down from a year ago amid...
Jun 10, 2020 · Zara-owner Inditex SAITX 1.06 % increase; green up pointing triangle said it is permanently closing as many as 1,200 stores—16% of its global outlets—and will pivot more aggressively toward ...
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Jun 11, 2020 · After reporting its first quarterly loss, Zara's owner Inditex plans to close nearly 1,200 stores worldwide which will take the total store count around 6,700-6900 from the current 7,412. Key Highlights. Company forced to shut down nearly 90% of its stores worldwide during the lockdown.
