Find in the news:
BY COUNTRY

Owner of Zara and Massimo Dutti closes shops at airports



The main reason for the decision was a sharp drop in passenger traffic due to the pandemic.
Zara Inditex

Spanish holding Inditex has decided to close six Massimo Dutti, Uterque and Zara stores. Shopping points at the airports of Barcelona and Madrid will cease to operate. 

The reason is the introduction of quarantine measures in the country, which has led to a sharp decline in the number of tourists. As a result, the shops located at Madrid Barajas and Barcelona's El Prat airports have almost completely lost their buyers since March. 

At the beginning of the quarantine, when the new rental conditions were discussed with the airport management companies, the options of waiving the rent for the period of absence of buyers due to quarantine measures were discussed. However, the agreements reached did not allow to keep the retail outlets afloat.  A total of six shops in two airports will be closed - two Zara shops, two Massimo Dutti shops, and two Uterqü shops.

The closure of shops at Spanish airports has been previously discussed as part of the company's overall strategy. However, the situation with the pandemic has accelerated the decision. Shops at Spanish airports repeated the fate of London Heathrow's Inditex outlets closed several years ago. Which stores, and how many, will be closed next, has not yet been reported. 

The crisis with the coronavirus has led to Inditex reporting losses for the first time in its history. For the period from February to April 2020, a loss of $463 million was recorded. The company is trying to adapt to new conditions as much as possible. One of the most critical steps in the coming decade will be digital transformation. Inditex plans to increase its share of online sales by up to 25%, and the company also plans to close some stores around the world in the next two years. 

Photo credit: depositphotos.com.

More about shopping malls in Spain



Jul 20, 2021, USA:
LVMH will acquire a controlling stake in Off-White, with its founder retaining 40%.
Jul 20, 2021, USA:
The iconic lingerie brand announced its intention to open three retail outlets with a new format this autumn.
Jul 19, 2021, Spain:
Amid the surge in the online retail model, Inditex is betting on a hybrid model that combines traditional stores and online ordering options.
Jul 14, 2021, United Kingdom:
The temporary For You House store will not sell any products - it will be a place for meetings and themed workshops.
Jul 13, 2021, USA:
The global chain of department stores will sell fashion brands aimed at a younger audience.
Jul 13, 2021, China:
Clothing and footwear retailer Shein has become the most prominent fast-fashion retailer in the U.S.
Friend
and Follow
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us