The Corona-crisis is hitting the fashion industry. The branches had to close for weeks, and remained on cost and inventory. A giant of the industry fell into the red.Coronavirus*the crisis in the fashion industry are facing big challenges. A giant in the industry slipped in the red. More than a thousand Zara stores in front of the From.
Munich Coronavirus pandemic has a serious impact on the fashion industry. For weeks the branches had to close in order to do their part to contribute to the containment of the Coronavirus . Thus, they remained in the cost and the goods sit. A giant in the industry slipped in the red. One of the most popular fashion brands: Zara is affected.
Coronavirus: textile dealers slips into the red - the popular fashion chain is affected
Due to the Corona-pandemic* the Spanish textile retailer Inditex slipped for the first time since many years in the red. The bottom line is, the loss for the until the end of April, ran with the first quarter of 409 million euros.
a year previously could still be a profit of 734 million euros, as the owner of fashion chains such as Zara announced in mid-June in Spain . For the Spaniards, the first quarterly loss since its IPO in 2001.
Coronavirus: Inditex in the red - 1200 Zara-stores before the end
A Department store without a Zara store ? So far, that seemed inconceivable. In almost all large European cities, the fashion brand Zara is represented.
On the Basis of a Plan 2020-2022, such as Philips wrote in a Statement to the branch network up to 2022 annually to 150 stores in the wash. In the same train but in this period also 1200 shops closed. The major goal of the company is the sale Online-Sales even more. By 2022, the Online trading is supposed to be for a total of 25 percent of the total turnover of Inditex responsible.
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Respecting social distancing but staying closer than ever
Inditex in the red and want to invest heavily
Despite the crisis, group chief Executive Pablo Isla by 2022, a further 900 million euros a year for the Company's reorganization and the Expansion of the Online trade in take want with around one billion euros in the next three years, the digitization is supposed to flow.
reason for the significant increase in sales in the Online business that could be reached during the Lockdown period*. In particular, the Coronavirus pandemic affected month of April Inditex was able to double the sales in the the Internet nearly. On a quarterly basis, total revenues in stationary retail and online, however, 44 percent to 3.3 billion euros broke.
Coronavirus forced Inditex to close to 6000 stores for the time being, especially Zara
affected In the Wake of the Coronavirus*pandemic Inditex around 6000 stores had for the time being, close, - stated in an official Letter. At the conclusion of the quarter with 965 stores in 27 markets were re-opened, it said further. The group expects to be able to the end of June in most of its key markets, the shops back into operation.
AuchC&A responded with a radical string course. Branches in eight States will be close.
Karstadt Department store needs to close 62 of its total of 172 Department stores in Germany. These branches in German towns and cities are affected by the closure.
*Merkur.de is part of the nationwide Ippen-Digital editors networkDate Of Update: 19 June 2020, 14:33