Inditex SA, the world’s largest clothing retailer, and Zara’s parent company, has been hit hard by the pandemic, with a sales decline of 44% to €3.3bn/$3.8bn during the first quarter of its financial year. Considering the sharp downturn in sales, one will understandably wonder about Inditex’s relatively small loss. Here is why: online sales rose significantly during the worst period of the pandemic. Today, the giant Spanish retailer looks forward to the challenges of the post-COVID19’s new reality with self-assurance and an unmatched in-store and online retailing savvy.
GUIDEPOST LOVES GOOD NEWS: THE UK AND GERMANY LOOK TO THE CANARY ISLANDS FOR A GREAT WINTER’S HOLIDAY »
Brits are allowed by their government to go sun themselves in the balmy Canary Islands starting 25 October 2020. Same goes for the Germans. The opening up of the “travel corridor” between England and the Canaries, and between Germany and the Canaries, is “excellent news which gives the Islands a new opportunity to start their winter tourist season with a better outlook," says the Spanish Minister of Tourism. But if you're going to the Canaries, check out the updates just to make sure.
With Madrid sadly topping the list of Spain’s new positives these days (1535 COVID-19 cases in the 24 hours before 19 August 2020), the city and the region could be trending back to Phase 1 of the de-escalation of the old State of Alarm! Parks will be closed, but at least only for the night, just three months after their much-awaited unrestricted reopening.
Summer 2020: economic devastation of the coronavirus pandemic lockdowns, mood of discontent, racial movements, faint hope for economic recovery. . . Maybe by Fall we will have things more under control!
The EU economy will experience a deep recession this year due to the coronavirus pandemic. The Summer 2020 Economic Forecast projects that the euro area economy will contract by 8.7% in 2020 and grow by 6.1% in 2021. The EU economy is forecast to contract by 8.3% in 2020 and grow by 5.8% in 2021. Early data for May and June suggest that the worst may have passed. The recovery is expected to gain traction in the second half of the year, albeit remaining incomplete and uneven across Member States.
Noche Flamenca’s “Antigona” in the Time of Corona: At Home with Soledad Barrio and Martín Santangelo »
Bessie Award-winning bailaora/choreographer Soledad Barrio is an intuitive and internal performer who possesses a preternatural connection to her character. She identifies with Antigona, “one of [whose] character traits is to love more than herself. She’s very passionate, and her objective is to take care of her family. It’s related to my life to be connected with family. One part of flamenco is love, passion and concern about the family unit. I connect with that a lot, too.” Noche Flamenca’s production of “Antigona” at La MaMa in Manhattan, scheduled for March 19-April 5, was cancelled due to the corona virus travel restrictions from Europe in March. Then all of New York went into lockdown. Shut in with husband choreographer/producer Martín Santangelo, Barios says “I’m diving into the abyss so I can resuscitate when this is over.”
‘Should I Stay or Should I Go’ is the theme song of my life. It was the few days before lockdown began in Spain that Monday in mid March. I knew I would enjoy the time for solitude that the lockdown would provide. I would have plenty of time to read, write and meditate upon what I want to do with my life as a 23-year-old recent college grad. But my parents preferred me to come home. Dear Spain, muchas gracias for the short time we had together. We’ll see each other soon, once the gods permit.
Life goes on in spite of the “lockdown” and joggers jog and walkers walk and cyclists cycle and the motorcycle rider takes to the less-trafficked roads with glee. Can summer and relief be far behind? In a strange Spring like this one, we have to be grateful for small blessings and be strong.
The State of Alarm is a response to the alarming health situation (COVID-19 pandemic) caused by the coronavirus. It was announced by Prime Minister Pedro Sanchez following a 66% increase in the number of confirmed cases of COVID-19 in just one day (13 March), from 3146 to 5232. Today, Spain is second only to Italy in terms of the number of COVID-19 victims.