Industria de Diseño Textil S A : Inditex to Remove Several Brands' Physical Presence in China -WWD

--Inditex will close all physical stores of several of its fast-fashion brands in China by the end of the month, fashion trade journal Women's Wear Daily reports, citing unnamed sources.

--The Spanish retail giant will close its Bershka, Pull&Bear and Stradivarius stores in the country while maintaining its Tmall and website outlets, as well as physical stores of other brands such as Zara, WWD reports. A spokesman for Inditex declined to comment to Dow Jones Newswires.

--The company in June last year said it would close up to 1,200 stores world-wide as part of a drive toward greater online sales.

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(END) Dow Jones Newswires

01-08-21 0431ET