Zara-owner Inditex to open some small stores in Spain on Thursday: source
May 6, 2020
MADRID (Reuters) – Zara-owner Inditex <ITX.MC> will reopen some of its smaller stores in Spain on Thursday, a source close to the company said, as part of a gradual reopening of the store network in its home market where shops have been shuttered for more than seven weeks.
Spain accounts for the fashion retailer’s largest network of stores by far, and the country accounts for nearly 16% of group sales. Inditex has a stable of eight brands from Massimo Dutti to Pull & Bear, including the Zara Home homeware label.
Spain imposed one of the strictest lockdowns in Europe on March 14 as it sought to control one of the worst outbreaks of the coronavirus globally, killing more than 25,000.
The government has started to relax the terms of the lockdown, allowing small businesses like hairdressers and shops to open this week, with restrictions.
(Reporting by Sonya Dowsett in Madrid; Editing by Matthew Lewis)