Fashion: Change or sink?

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6 July 2020 à 16h06

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2 minutes

Publication: 6 July 2020 à 16h06

Reading time: 2 minutes

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Publication

6 July 2020 à 16h06

Reading time

2 minutes

Publication: 6 July 2020 à 16h06

Reading time: 2 minutes

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How will textile retailers reinvent a business to succeed after the Covid-19 crisis? For the time being, bad news is piling up. An example is the announcement of Inditex, the Spanish leader in ready-to-wear, operator of Zara, Pull & Bear or Oysho, that up to 1,200 stores will close over the next 2 years. In the first quarter of 2020, losses reached €409 million. Celio International reported similar disastrous results, with losses of nearly €100 million between March and May 2020. All 1,585 stor

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