Question: is zara closing down in south africa?
Answer: Saabira Chaudhuri. Zara-owner Inditex SA ITX 2.48% said it is permanently closing as many as 1,200 stores—16% of its global outlets—and will pivot more aggressively toward selling online, as the fast-fashion giant maps out its post-pandemic future. ... The affected outlets currently account for between 5% and 6% in sales.