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Tuesday, 16 March 2021 13:32

Inditex to grow by 4 % post pandemic

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As per Pablo Isla, President, Inditex, the group expects to grow by 4 per cent post pandemic. As per Fashion Network, the company will continue to focus on its online channel which has recorded over 46 million orders, through a strategy hinging on inventory integration and an extensive adoption of RFID technology.

The company has managed to reduce its stock levels and our inventor. In the last financial year, the group’s e-shops recorded 5.3 billion site visits altogether, with 15 million unique visitors and 132 million app downloads in 2020. This year, it plans to close around 400 stores across various markets. However, Inditex will continue opening physical stores future. Last year, the company included over 35 per cent of its items in the Join Life [sustainable fashion] line. Some 80 per cent of its facilities use renewable energy, and is also adopting operational models that ensure our stores worldwide are energy efficient