Zara to Reopen 50 Stores in Ukraine Starting April 1
Inditex, the parent company of Zara, announces the gradual reopening of stores, prioritizing employee and customer safety amidst ongoing conflict.
- Inditex plans to reopen 50 of its 80 stores in Ukraine, with the first 20, including three Zara outlets, to open in Kyiv shopping centers.
- The reopening is based on improved local market circumstances, despite the ongoing conflict in parts of the country.
- Over 30 stores in the south and east of Ukraine, where the conflict is most intense, will remain closed.
- Inditex has continued to pay salaries to its employees in Ukraine since suspending operations in February 2022.
- The company reported record profits in its most recent financial results, with a 22 percent increase in net profits year-over-year.