Zara Owner to Close All Stores in Spain Because of Coronavirus

Zara Owner to Close All Stores in Spain Because of Coronavirus
People shop at a Zara store during the grand opening of The Hudson Yards development, a residential, commercial, and retail space on Manhattan's West side in N.Y.C., N.Y., March 15, 2019. (Brendan McDermid via Reuters)
Reuters
3/14/2020
Updated:
3/14/2020

Zara owner Inditex is to temporarily close all of its stores in Spain from March 14 because of the coronavirus, Europa Press said, citing sources at the company.

A company spokesman told Reuters on Friday it would temporarily close stores in areas designated by the government as the worst-affected by the coronavirus outbreak, including Madrid.

Spain is the fashion retailer’s largest network of stores by far, accounting for about a sixth of group sales. It also owns the Massimo Dutti and Pull & Bear brands.

On Friday, Spanish Prime Minister Pedro Sanchez declared a state of emergency but did not spell out what emergency powers he would use, or what help shut-down businesses would get.

Some regions, such as Madrid and Catalonia, announced on Friday they would close bars, restaurants, and shops apart from those selling essential items such as food, but such measures have so-far not been rolled out nationwide.

Spain has the second-highest number of coronavirus cases in Europe after Italy. The current Spanish tally stands at 4,231. About 120 people have died.

By Jessica Jones