Singapore Expats Forum
 

Zara to close 1200 stores worldwide after first losses

Discuss about the latest news & interesting topics, real life experience or other out of topic discussions with locals & expatriates in Singapore.
Post Reply
User avatar
abbby
Reporter
Reporter
Posts: 965
Joined: Thu, 21 Jul 2005 3:00 am
Answers: 1
Location: Tiny Island

Zara to close 1200 stores worldwide after first losses

Post by abbby » Thu, 11 Jun 2020 10:35 am

I am wondering how many stores does that leave them with..?

https://cnalifestyle.channelnewsasia.co ... 1vWVQDy2b0
The secret of life is honesty and fair dealing. If you can fake that, you've got it made. - Groucho Marx (1890-1977)

bgd
Manager
Manager
Posts: 1679
Joined: Wed, 25 Jul 2007 4:09 pm

Re: Zara to close 1200 stores worldwide after first losses

Post by bgd » Thu, 11 Jun 2020 11:29 am

Closing about half their stores. Maybe this is the end of expansion for the sake of expansion. Better to make existing stores more profitable than flood the market with new branches.

User avatar
abbby
Reporter
Reporter
Posts: 965
Joined: Thu, 21 Jul 2005 3:00 am
Answers: 1
Location: Tiny Island

Re: Zara to close 1200 stores worldwide after first losses

Post by abbby » Thu, 11 Jun 2020 12:38 pm

Half left? Not bad...yeah I think they should just stop expanding and just focus on the existing ones. Perhaps these retailer should also focus on the online experience for shoppers. easy to buy, easy to return concept. I like Zalora's concept, returning them at POP stations are simple and hassle free and no questions asked.
The secret of life is honesty and fair dealing. If you can fake that, you've got it made. - Groucho Marx (1890-1977)

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “General Discussions”

Who is online

Users browsing this forum: No registered users and 8 guests