Restaurants. Not only, Zara, but there are also other fashion brands and labels who decided to close down shutters of stores to revive the economy.

Being one of the largest clothing retailers, the company has been walloped during the pandemic. Representational Image (Photo Credits: Wikimedia Commons)

Most generous Sale you could come across in Dubai at Zara. In markets where stores were already open, sales were reportedly down 16 percent between June 2 and June 8. The luxury brand, Burberry reported that it would cut about 500 jobs globally, including 150 British-based office roles. Not only, Zara, but there are also other fashion brands and labels who decided to close down shutters of stores to revive the economy.

Closures are reportedly concentrated in Asia and Europe. Home Furnishing & Carpets. However, some continue to use social media to promote products. The company announced the layoffs alongside a 45% drop in first-quarter like-for-like sales reflecting store closures after lockdowns in Europe and the United States and a dearth of long-haul travellers. Currently, online sales account for 14% of Zara’s total profits.As part of the new strategy, the company will “increase the online customer service teams and the dedicated packaging both from the specific online stockrooms and from the store. As per latest reports, the company will start closing 150 of its stores as the first phase of its effort to shrink its footprint. Live Breaking News: ""The overriding goal between now and 2022 is to speed up full implementation of our integrated store concept, driven by the notion of being able to offer our customers uninterrupted service no matter where they find themselves, on any device and at any time of the day,"“We expect that a return to pre-crisis levels in offline discretionary retail sales overall will be gradual, as we expect consumer confidence, demand and spending to be short of normal for some time,” Coresight founder and CEO Deborah Weinswig said in a report. The pandemic has significantly impacted on the global economy. The two indomitable women who raised her.COVID-19 Has 'Taken A Political Tone Like Nothing I've Ever Seen,' Warns Anthony FauciEd Markey tries to hold on in Senate primary with Joe KennedyMiley Cyrus Says She Lied To Liam Hemsworth For Nearly 10 Years About Losing Her VirginityNBA says photographer who posted offensive Kamala Harris meme is no longer in bubblePresident Donald Trump Tweetstorm – The Saturday Edition However, the sectors that are extremely hard hit are the ones that come in the category of non-essential spending. Inditex, the parent company of the Spanish clothing brand, announced it will close as many as 1,200 stores around the world over the next three years and invest $3 billion in digital operations.Though Inditex didn't specify which locations it will be shuttering, the plan will focus on "stores at the end of their useful life" according to the report which was CEO Pablo Isla said that he expects e-commerce to make up 25% of total profits by 2022.

Zara, the fashion retailer beloved by Catherine, Duchess of Cambridge, is shifting its focus to online shopping after a sales slump during the COVID-19 crisis.. Inditex, the parent company of the Spanish clothing brand, announced it will close as many as 1,200 stores around the world over the next three years and invest $3 billion in digital operations. The above companies took the step to close down a few of its stores in order to recover what they lost as non-essential stores were forced to shut its temporary services. "Zara is just one of several retailers faltering amid the coronavirus pandemic. Meanwhile, JC Penny had reopened nearly 500 stores as coronavirus restrictions began to ease in some states. The fast-fashion giant’s sales are down 44% from last year. Electronics, Home Appliances & Mobile Phones. Sportswear & Goods. Hypermarket & Supermarket. 'Georgia park with Confederate sculpture shuts gates to rallyPHOTOS: John Lewis – congressman and civil rights activist – a life of extraordinary serviceCOVID-19 long haulers on months of debilitating symptoms: ‘They don’t know how to make me better’Where does Kamala Harris’s toughness come from? Fashion. Why paying more when you can pay less. The pandemic has hit the fashion industry severely.


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