Inditex has posted a loss of €409 million (£363 million) for the quarter to 30th April. The Spanish owned group, best known its Zara chain, had shuttered most of stores across 72 countries, (including those in the UK) during the period due to Covid-19.
The group is now investing heavily in its online offering and is targeting significant growth in eCommerce revenues. Plans include utilising its stores as fulfilment hubs for online orders.
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