Zara owner to close 1,200 stores across the world as it outlines post-coronavirus future

Zara owner to close 1,200 stores across the world as it outlines post-coronavirus future

Zara-owner Inditex SA said it is permanently closing 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. 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 after lockdown.

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