Fast-fashion retailer Industria de Diseño Textil SA is closing all of its Bershka, Pull&Bear and Stradivarius stores in China as soon as the end of January, Women's Wear Daily reported Jan. 7, citing multiple sources.
The brands' official websites and Tmall stores will remain operational, the report said. Other Inditex brands including Zara, Massimo Dutti, Oysho and Zara Home will reportedly retain their brick-and-mortar stores in China.
The company shuttered more than 120 stores of the three brands in China in 2020, according to the report. Each brand still has around a dozen stores left open in cities such as Beijing, Shanghai, Shenzhen.
A Bershka store in Grandview Mall in Guangzhou, the biggest shopping outlet in southern China, had been liquidating its inventory since June 2020 before permanently shutting in July 2020, a former salesperson for the brand reportedly told WWD. Pull&Bear and Stradivarius reportedly closed their stores in the same location in August 2020 and October 2020, respectively.
The store closures are part of Inditex's digitalization plan in a bid to bolster its online business as it reels from the impact of the coronavirus pandemic.
Inditex did not immediately respond to S&P Global Market Intelligence's requests for comment.