What percentage of Inditex stores remained closed in March 2021?

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Inditex Store Closures in March 2021

Information regarding the specific percentage of Inditex stores that remained closed in March 2021 is not available in the provided data. The reference material states that as of March 8, approximately 15 per cent of Inditex's global stores were closed due to pandemic-related measures. This figure represented an increase from the 8 per cent closure rate observed in mid-December.
Store Closures as of March 8

As of March 8, Inditex reported that around 15 per cent of its worldwide stores were shut due to virus measures. This represented a significant increase from the situation in mid-December, when only 8 per cent of its shops were closed. The company indicated that these closures were a consequence of virus mitigation efforts implemented across various regions.
Impact on Sales and Profits

The enforced store closures directly impacted Inditex's financial performance. In 2020, the company's profits plunged by 70 per cent compared to 2019, reaching €1.1 billion. Total sales also saw a decrease of 28 per cent, amounting to €20.4 billion for the year, as lockdown restrictions led to widespread store shutdowns.
Online Sales Growth

To counter the negative effects of physical store closures, Inditex experienced a substantial surge in online sales. In 2020, online sales grew by an unprecedented 77 per cent. This significant increase in e-commerce helped to partially offset the losses incurred from the reduced in-store operations.
Future Outlook and Investment

Inditex, which operates nearly 7,000 stores globally, expressed an expectation for almost all its stores to reopen by April 12. The company also signalled its commitment to strengthening its online presence, planning to invest an additional €2.7 billion in developing online sales between 2020 and 2022. This follows a prior investment of €2.5 billion made since 2012 in its digital infrastructure.

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What percentage of Inditex stores remained closed in March 2021?

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