The Spanish apparel group’s president insisted the business model is “solid” and said he is confident about the group’s recovery. If all Inditex stores will re-open in April, 2021 sales will be on par with 2019.
After 32 years, Antonio Abril is leaving the Spanish textile giant to focus on academia, replaced by Oscar García Maceiras, a state attorney from A Coruña and deputy secretary of the board at Banco Santander.
In the face of the ongoing health crisis, the Galician group is taking measures such as gradually implementing remote working at its HQ in Arteixo, A Coruña, and suspending employee services, like buses and the gym.
Inditex continued to go from strength to strength in the latest quarter and first nine months of its financial year as its omnichannel strategy and focus on stores in the best locations paid off for all brands.