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Inditex shuts up shop

Alex Hayes 23 March 2020

Alex Hayes

Journalist

+48 22 356 25 20
alex.hayes@eurobuildcee.com

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

Inditex shuts up shop

WORLD Inditex closed 3,785 stores in 39 markets on March 17th. Following official recommendation, all but 11 stores are open in China.

Online sales are continuing as normal in all markets. Between February 1st and March 16th sales fell by 4.9 pct. And between March 1st -16th they decreased by 24.1 pct

February sales usually represent around 6 pct and March sales around 7 pct.

The company writes that, “the current situation, caused by external and temporary factors, does not change our long-term vision for our business model, its fundamentals and its growth potential.”

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