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Zara Results – How Lockdown May Have Changed Fashion Forever

June 10, 2020

Via: Forbes

Within the same 24 hours that Debenhams announces a further three U.K. stores currently closed due to the pandemic will not reopen, Zara owner Inditex announces results that whilst subdued, show resilience.

Their interim results (February 1st 2020 – April 30 2020) highlight:

  • Net sales reached €3.3 billion v. €5.9 billion in the same period on 2019
  • Online sales grew strongly at +50% in the same period. In April, online sales grew 95%.

Whilst over 3,500 stores still remain closed worldwide, Zara has relied on its online offer to satisfy shoppers.

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