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.
Would Pablo Isla of the global fashion giant Inditex be Best Performing CEO in the world if his company weren’t eco-friendly? Surely not! Performance on environmental, social and corporate governance (ESG) issues makes up 20% of a CEO's overall score per Harvard Business Review. It's about "CEO activism", crucial in Isla's achievement of the title of the world's Best CEO in 2017 and 2018
Zara on Oxford Street, London: the heir presumptive worked here!
By Natalie McNeal Photos: Natalie McNeal, etc.