Research on Inditex – Post Coronavirus (COVID-19) Company impact

Source: https://www.researchbymarkets.com/report/inditex-post-coronavirus-covid-19-company-impact-643424.html

Inditex – Post Coronavirus (COVID-19) Company impact

Summary

Clothing and footwear retailers will not recover lost sales in 2020 as COVID-19 restrictions to physical shopping continue to hinder store sales

Inditex’s wide geographical reach and deep pockets put it in a better position to deal with the crisis than many of its peers

The post coronavirus (COVID-19) company impact report analyses the impact of the COVID-19 outbreak on Inditex & its future prospects.

Scope

– Annual turnover for Inditex is expected to decline by 25.6% in 2020 to reach USD26.6 bn, as per 2020 sales forecasts for the group
– Inditex also plans to close down 1,200 stores across the world to decrease the capital expenses on operations
– Under the Horizon 2022 plan, Inditex aims to increase its reliance on digital. This includes an investment of USD3.05 bn (€2.7 bn) during 2020-2022, to boost its digital channel services

Reasons to Buy

– Use our revised 2020 forecast for Inditex to understand how it will perform this year.
– Use our charts to review how Inditex’s sales are split by region globally and how these regions have been impacted by COVID-19.
– Use our in-depth analysis to review how Inditex has responded to COVID-19 and how this will affect its performance.

Companies Mentioned:
Inditex
Amazon
H&M Group
TJX Companies
Gap Inc
Target
Bestseller
Fast Retailing


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Ritesh Tiwari is the Founder of Research By Markets. He has more than 7 years experience in the Market Research industry and a total experience spanning 18+ years. His core experience is in Sales and International Recruitments. Ritesh is a big foodie and a huge football fan, supporting Manchester United (EPL) and FC Barcelona (La Liga). He hardly misses watching any matches when these teams are playing. Get in touch with Ritesh via: enquiry@researchbymarkets.com *Industry Press Release is a part of Research By Markets.