Zara Is Closing Over 1,000 Stores to Invest in Online Shopping

Zara is the latest fashion brand to start closing retail stores across the globe due to the ongoing COVID-19 pandemic, which has kept many shops closed since mid-March.

On June 12, the fast-fashion retailer’s parent company, Inditex, announced its plans to shut down between 1,000 and 1,200 brick-and-mortars over the next two years and divert resources into online sales strategies.

It’s not yet known exactly which Zara locations will be affected, but the closings will be “stores at the end of their useful life” and “whose sales can be recovered in nearby stores and online,” the company said their statement.

Under that plan, Inditex CEO Pablo Isla confirmed the company will “increase the online customer service teams and the dedicated packaging both from the specific online stockrooms and from the stores,” as well as offer customers “uninterrupted service no matter where they find themselves, on any device

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18 Online Shopping Traps and Scams To Watch Out For

Online shopping can help you save money and access a wide variety of products, but there are downsides, too. Hackers and other online criminals are constantly trying to scam shoppers by offering fake deals and discounts. In fact, according to a recent Better Business Bureau Scam Tracker report, online purchase scams are the second-riskiest type of fraud after employment scams.

Although shopping online doesn’t always result in identity theft, there are other risks, too. You might lose money, get a bogus product or not get anything at all — and you might even be convinced to spend more than you planned to.

By knowing the most common scams and traps that online shoppers encounter, you can set your finances up for a better future.

Last updated: April 7, 2020

Requests To Pay With Wire Transfers

Sound the alarm if a retailer asks you for a wire transfer, a money

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Tom Ford Talks Crisis Mode

“It’s too premature for me to tell you.”

So said Tom Ford in March of last year when, as the newly elected chairman of the CFDA, he discussed his plans for the CFDA.

Tom, you don’t say.

When he accepted the post, there’s no way he could have had a clue of what he was in for. He knew the American fashion industry was challenged for myriad reasons — oversaturation, a relentless schedule, a reliance on a failing wholesale model, European domination fueled by the major luxury fashion group power base. For years, those and other factors had been chipping away at the global profile of American fashion and Ford determined to make increasing its international profile a major priority of his tenure. In addition, he wanted to focus on young designers and on addressing the issue of insufficient diversity across the industry’s designer ranks. Once installed, in

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Fashion Trends Only Cool ’90s Kids Will Remember



Microsoft may earn an

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