12th June: Amid the worldwide pandemic, many retailers and businessmen are working on different strategies to meet the emerging requirements of the market. According to Baaghi TV, the famous global clothing brand Zara has decided to change its business strategy and is working on increasing its online sales. According to the Sunday Times, the owner of Zara will close as many as 1,200 stores around the world as the clothing retailer tries to boost online sales during the chaos wrought by the COVID-19 pandemic. Inditex said it would “absorb” between 1,000 and 1,200 mainly smaller stores, with losses concentrated among older shops from brands other than Zara. The Spanish company’s other brands include Bershka, Pull & Bear, and Massimo Dutti. Inditex, the biggest fashion group in the world, operates over 7,200 stores in 93 markets worldwide. The company’s flagship store is Zara, but it also owns the chains Zara Home, Massimo Dutti, Bershka, Oysho, Pull and Bear, Stradivarius, and Uterqüe. The closure of many of their outlets is expected in mainly Asia and Europe. It is understood that the 107 Inditex stores in the UK are less likely to be significantly affected. School Mafia firm to reopen schools amid the … Continue reading Zara stores to be closed?