Inditex Streamlines Global Footprint with Over 130 Store Closures, Focuses on Tech-Driven flagships
Madrid, Spain – Inditex, the parent โcompany of โขZara, Massimo Dutti, adn Bershka, is reshaping itsโฃ global retail strategy, having closedโ more than 130 storesโค worldwide, the group announced. The moveโข accompanies a broader redesign of commercial โฃstructures acrossโ its brands, mirroring โsimilar โคefforts by competitors like โคH&M and Uniqlo.
Store closures included 34 oyshoโ locations, 21โข Zara Home stores, 20 Massimo Duttiโ shops, โข10 Stradivarius outlets, and one Bershka. Pull&Bear bucked the โtrend, openingโฃ two โnewโ stores. โ
Despite the closures,โค Inditex โasserts the strategy reinforces its global leadership position. The company is concurrently investingโค in โขlarger,โค technologically advancedโค stores, exemplified by changes within the Zara โbrand. Fifty-two Zara stores were closedโ inโ Spain, including a flagship location in โฃZaragoza, with renovated locations incorporating features like cafes, slides, and home โsections.
“We want each store to be an inspiring โคspace where fashion, technology โandโ sustainability coexist naturally,” stated Marta Ortega, President of Inditex. โ
Inditex also โคreaffirmed its commitment to shareholder returns, announcing the payment of aโค complementary dividend in 2025. Shareholdersโ should verify theirโ share position with their broker or bank,note the cut-offโ date โขfor โdividend eligibility,and review the two-tranche payment schedule. The dividend willโ be automatically deposited into the account associated with their brokerโ or custodian.
