Larger stores will act as distribution hubs for online sales.However, online sales growth made up for some of the sales weakness, Inditex said. With 52% of stores open in May, with capacity restrictions in most markets, combined brick and mortar and digital sales were down 51% compared to last year. The owner of Zara is to close up to 1,200 stores around the world. Zara Owner Will Close Down 1,200 Stores Worldwide Due to the Effects of the Pandemic Nicole Cruz. La Chapelle withdrew 4391 stores. Inditex plans to ultimately have 6,700-6,900 stores, down from 7,412, which will include opening 450 new stores fitted with all the latest sales integration technology and absorbing 1,000-1,200 smaller-sized stores, most of which belong to brands other than Zara. The fashion retailer also owns brands such as Massimo Dutti, Bershka and Pull and Bear. ; At … Almost a quarter of its shops remained closed by 8 June.Inditex, controlled by its founder, Amancio Ortega, plans to spend €1bn on its online offering by 2022 and a further €1.7bn in stores to allow them to integrate better with websites for faster deliveries and real-time tracking of products.The casual dining sector has also been hard hit, with the Restaurant Group confirming on Wednesday that 125 of its outlets – the majority Frankie & Benny’s and Garfunkel’s – will not reopen after lockdown, putting 3,000 jobs at risk. Rolex discontinued production. "Our priority through the crisis has been and continues to be the health and safety of our people and our customers," he said in a statement, adding, "As we have always said, people is what really matters for Inditex, beyond any other consideration, and I believe that the current situation we are living, prove it so." Zara owner closing up to 1,200 stores worldwide following Covid-19 loss. Stores are set to reopen on June 15th (Image: Zara). The world’s luxury industry has crumpled. This means that the total number of stores … There are 15 Zara stores across Australia.Inditex, the world's biggest clothing retailer, announced the closures on Wednesday after reporting its first-quarter sales had plunged due to COVID-19 lockdownsThe Spanish company plans to open 450 higher quality, larger outlets in 'premium locations'.The closure of the stores is part of the Spanish company's new $4.5billion strategy, which will see it invest in technology to make it easier for customers to track the items they want, blurring the lines between online and in-store shopping'Stores will play a stronger role in the development of online sales due to their digitalization and capacity to reach customers from the best locations worldwide,' the spokesman saidThe owner of fashion giant Zara is looking to close 1,200 store worldwide - leaving hundreds of Australian jobs at riskDaily Mail Australia has contacted Inditex for further comment.Using the fashion retailer's app, shoppers will be able to browse a specific store's stock to buy items for collection the same day, reserve a changing room, find garments in store via a map and self check-out using QR codes.
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