{"id":130795,"date":"2020-06-10T17:58:21","date_gmt":"2020-06-10T15:58:21","guid":{"rendered":"https:\/\/highxtar.com\/?p=130795"},"modified":"2020-06-10T17:58:21","modified_gmt":"2020-06-10T15:58:21","slug":"inditex-will-close-1200-stores","status":"publish","type":"post","link":"https:\/\/highxtar.com\/en\/inditex-will-close-1200-stores\/","title":{"rendered":"Inditex will close 1,200 stores"},"content":{"rendered":"<p><strong>Inditex is looking for a network of stores with a larger average surface area and which generate &#8220;higher levels of profitability&#8221;. The new strategic plan designed by the group foresees that the company will reach a network of almost 7,000 stores around the world, absorbing between 1,000 and 1,200 smaller stores this year and next. Despite the decline in the number of stores, gross annual growth is expected to be 2.5%.<\/strong><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-130788\" src=\"https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/highxtar-inditex-cerrara-1200-tiendas-2.jpg\" alt=\"\" width=\"1280\" height=\"718\" srcset=\"https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/highxtar-inditex-cerrara-1200-tiendas-2.jpg 1280w, https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/highxtar-inditex-cerrara-1200-tiendas-2-300x168.jpg 300w, https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/highxtar-inditex-cerrara-1200-tiendas-2-1024x574.jpg 1024w, https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/highxtar-inditex-cerrara-1200-tiendas-2-768x431.jpg 768w, https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/highxtar-inditex-cerrara-1200-tiendas-2-973x546.jpg 973w, https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/highxtar-inditex-cerrara-1200-tiendas-2-508x285.jpg 508w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<p>The closure of these stores is not because they generate losses, in fact, most will be absorbed by others of greater size. <strong>&#8220;These units correspond fundamentally to the oldest establishments of the chains other than<a href=\"https:\/\/highxtar.com\/rains-denounces-zara-for-copying-and-wins-legal-battle\/?lang=en\"> Zara<\/a>&#8220;<\/strong>, the group details.<\/p>\n<p>After this adjustment, Inditex will have<strong> &#8220;a network of high quality stores, in the best locations. With online sales it is expected that they will generate a growth in comparable sales in the long term of between 4% and 6% annually&#8221;<\/strong>.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-130790\" src=\"https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/highxtar-inditex-cerrara-1200-tiendas-1.jpeg\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/highxtar-inditex-cerrara-1200-tiendas-1.jpeg 1280w, https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/highxtar-inditex-cerrara-1200-tiendas-1-300x169.jpeg 300w, https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/highxtar-inditex-cerrara-1200-tiendas-1-1024x576.jpeg 1024w, https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/highxtar-inditex-cerrara-1200-tiendas-1-768x432.jpeg 768w, https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/highxtar-inditex-cerrara-1200-tiendas-1-973x547.jpeg 973w, https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/highxtar-inditex-cerrara-1200-tiendas-1-508x286.jpeg 508w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<p><a href=\"https:\/\/highxtar.com\/the-axis-of-inditexs-de-escalation-is-its-employees\/?lang=en\"><strong>The group<\/strong> <\/a>has closed the first quarter of this year with a net<strong> loss of 409 million<\/strong> euros, the first red numbers of the group since it was listed. Sales amounted to 3,303 million euros, <strong>44.3% less<\/strong> than in the same period last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inditex is looking for a network of stores with a larger average surface area and which generate &#8220;higher levels of profitability&#8221;.<\/p>\n","protected":false},"author":11,"featured_media":130793,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[603],"tags":[1049,1682],"class_list":["post-130795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fashion-en","tag-inditex-en","tag-natalia-canoa-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin  - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Inditex will close 1,200 stores - HIGHXTAR.<\/title>\n<meta name=\"description\" content=\"Inditex is looking for a network of stores with a larger average surface area and which generate &quot;higher levels of profitability&quot;.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/highxtar.com\/en\/inditex-will-close-1200-stores\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inditex will close 1,200 stores\" \/>\n<meta property=\"og:description\" content=\"Inditex is looking for a network of stores with a larger average surface area and which generate &quot;higher levels of profitability&quot;.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/highxtar.com\/en\/inditex-will-close-1200-stores\/\" \/>\n<meta property=\"og:site_name\" content=\"HIGHXTAR.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/highxtar\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-10T15:58:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/thumb-inditex-cierra-1200-tiendas.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Natalia Canoa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@highxtar_\" \/>\n<meta name=\"twitter:site\" content=\"@highxtar_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Natalia Canoa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/highxtar.com\/en\/inditex-will-close-1200-stores\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/highxtar.com\/en\/inditex-will-close-1200-stores\/\"},\"author\":{\"name\":\"Natalia Canoa\",\"@id\":\"https:\/\/highxtar.com\/#\/schema\/person\/3900aea80481e4c4d0a2639aa708bc6c\"},\"headline\":\"Inditex will close 1,200 stores\",\"datePublished\":\"2020-06-10T15:58:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/highxtar.com\/en\/inditex-will-close-1200-stores\/\"},\"wordCount\":190,\"publisher\":{\"@id\":\"https:\/\/highxtar.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/highxtar.com\/en\/inditex-will-close-1200-stores\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/highxtar.com\/wp-content\/uploads\/2020\/06\/thumb-inditex-cierra-1200-tiendas.jpg\",\"keywords\":[\"Inditex\",\"Natalia Canoa\"],\"articleSection\":[\"Fashion\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/highxtar.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/highxtar.com\/en\/inditex-will-close-1200-stores\/\",\"url\":\"https:\/\/highxtar.com\/en\/inditex-will-close-1200-stores\/\",\"name\":\"Inditex will close 1,200 stores - 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