Sales will be healthy after lockdown, Zara owner Inditex says
Online sales will be key to Inditex’s strategy, with just under a third of total sales in 2020 coming from its website and app
10 March 2021 - 18:29
Madrid — Zara owner Inditex forecast healthy sales as soon as lockdowns are lifted, after the coronavirus crisis knocked its net profit to €1.1bn in 2020, a drop of 70% on the previous year.
Inditex said on Wednesday that it expected nearly all of its 6,829 shops worldwide to be open by mid-April based on current estimates of when restrictions are due to ease, with about 15% of its stores still closed as of March 8...
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