Inditex Streamlines Global Footprint with Over 130 Store Closures, Focuses on Tech-Driven flagships
Madrid, Spain – Inditex, the parent company of Zara, Massimo Dutti, adn Bershka, is reshaping its global retail strategy, having closed more than 130 stores worldwide, the group announced. The move accompanies a broader redesign of commercial structures across its brands, mirroring similar efforts by competitors like H&M and Uniqlo.
Store closures included 34 oysho locations, 21 Zara Home stores, 20 Massimo Dutti shops, 10 Stradivarius outlets, and one Bershka. Pull&Bear bucked the trend, opening two new stores.
Despite the closures, Inditex asserts the strategy reinforces its global leadership position. The company is concurrently investing in larger, technologically advanced stores, exemplified by changes within the Zara brand. Fifty-two Zara stores were closed in Spain, including a flagship location in Zaragoza, with renovated locations incorporating features like cafes, slides, and home sections.
“We want each store to be an inspiring space where fashion, technology and sustainability coexist naturally,” stated Marta Ortega, President of Inditex.
Inditex also reaffirmed its commitment to shareholder returns, announcing the payment of a complementary dividend in 2025. Shareholders should verify their share position with their broker or bank,note the cut-off date for dividend eligibility,and review the two-tranche payment schedule. The dividend will be automatically deposited into the account associated with their broker or custodian.
