surinenglish

Fashion giant Inditex to axe 79 stores in Spain - three of them on the Costa del Sol - by April

Stradivarius and Zara stores. File photograph.
Stradivarius and Zara stores. File photograph. / SUR
  • The retail group includes the Zara, Massimo Dutti, Bershka, Oysho, Pull & Bear and Stradivarius chains

Inditex - one of the world's largest fashion retailers - has started its massive restructuring plan that will lead to the closure of almost eighty of its stores in Spain between now and next April.

In this country between 250 and 300 stores will eventually be closed with the first 79 to be culled being announced by the modaes.es web portal.

The decision will hit around 800 Inditex employees from its Zara, Massimo Dutti, Bershka, Oysho, Pull & Bear and Stradivarius chains.

The Galician company announced in the summer that it would reinforce its digital business and reorganise its physical commercial presence, with the closure of between 1,000 and 1,200 stores worldwide between 2020 and 2021. This will mean the disappearance of one in every seven establishments.

In the case of Malaga, according to the modaes.es website, the first round of closures will affect three establishments: the Pull & Bear store in Rincón de la Victoria and the Bershka stores in Marbella and Fuengirola.

The restructuring plans will also hit some flagship sites, including the Gran Vía in Madrid and the Paseo de Gracias in Barcelona, as well as seeing them leave a large number of shopping centres across the country.

Massimo Dutti is the chain most affected by the reorganisation process, which will affect 19 stores with 132 employees.

In detail

Zara, the flagship of the Galician multinational, will lose 18 stores, which employ 350 people.

Stradivarius will cut 11 stores (totalling 91 employees) by April.

Pull & Bear, will lose seven stores from its network in Spain, totaling 66 employees.

Oysho will close three of its flagship stores in Barcelona with a total of 14 establishments with 79 employees closing.

Finally, Bershka - the one that will have the greatest impact in the province of Malaga - will lose its stores in Fuengirola and Marbella as well as those in the L'illa shopping centre, in Barcelona, and others in Granada, Motril, Cádiz, Figueres and Bilbao. In total, the chain will close ten stores employing 100 people.