Zara owner’s lean business model helps it react to pandemic1 min read . Updated: 16 Sep 2020, 01:36 PM IST
- Zara is steadily improving after reporting its first loss on record in the first quarter
- The company has navigated its most difficult year, cutting operating expenses by 21% in the second quarter
Inditex SA’s quick-reaction strategy allowed the Zara owner to reduce inventory in the middle of Covid-19 lockdowns, buoying first-half earnings.
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