ZARA PLANS ON WINDING UP 1200 STORES

HIGHLIGHTS

• Zara owner Inditex will close down its 1200 stores
• First Quarter losses booked through online store purchases have spiked 95% in last three months

Fashion Brand Zara planning on closing 1200 outlets amid Covid-19 till 2021. The owner Inditex said it has suffered a loss due to the outbreak and wishes to close down its smaller store. It owns other fashion brands as well as Massimo Dutti, ....