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Zara to close 1200 stores worldwide after first losses

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abbby
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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
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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.

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abbby
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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)

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