As the global outbreak of Covid-19 forces fashion chains to shut stores, there are few signs that shoppers will flock to virtual outlets instead.
Inditex, the world’s biggest clothing retailer and owner of the Zara brand, said Wednesday that sales from the beginning of February to mid-March fell by 5% compared with the same period of 2019, as infections spread globally. The decline accelerated in the first two weeks of March, with sales down by almost one-quarter, according to an update released alongside its full-year results….
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