However, Inditex said that it has reached a "turning point". The losses in the first half of the year mainly came from the first quarter. Affected by the epidemic, the company suffered a huge loss of 409 million euros, compared with a net profit of 734 million euros in the same period last year. In the second quarter (May 1 to July 3 1), the net profit reached 2140,000 euros, exceeding the analyst's expectation of 96 million euros.
Inditex said that the result included 308 million euros reserved for the store optimization plan. In other words, if the reserve of 308 million euros is excluded, the company will achieve a net profit of 39 million euros in the first half of the year.
Extended data
Inditex plans to close 1200 stores:
According to reports, China Public Relations Department of Inditex told the media that Inditex plans to keep the total number of global stores at 6,700-6,900, including 450 new stores, with a larger area and higher quality.
The public relations department of Inditex China said, "At the same time, we will absorb 1 1,000 to 1 1,200 stores, mainly other brands under the Group except Zara. The sales of these stores account for 5% to 6% of the total sales, and most of them are old and the location is not ideal enough to provide customers with a new shopping experience. "
China Net -ZARA's parent company suffered a loss of 65.438+0.5 billion for half a year, which was mainly based on online sales.