RIO DE JANEIRO, BRAZIL - Fashion retailer Zara, from Spanish group Inditex, will close seven stores in Brazil. The number represents a little over 10% of the total number of physical stores the company operates in Brazil.
People linked to the company, who asked to remain anonymous, say that the move is not linked to the novel coronavirus pandemic.
According to them, closures began last year and are part of the company's digitalization strategy, which had been announced seven years ago and is also being carried out in other countries where the company maintains operations.
In June, 2020, Inditex, the . . .