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Fast fashion retailer Zara India has posted a loss of Rs 41 crore for the financial year ended March 31, 2021. Its revenue also slumped by 28.3 per cent to Rs 1,126 crore during the fiscal year, according to the annual report released by Trent Ltd.

“During the year under review, the Zara entity recorded revenues of Rs 1,126 crore and loss after tax of Rs 41 crore,” Trent Ltd said in its earnings statement.

Zara operates in India through Inditex Trent Retail India Private Limited (ITRIPL), a JV between the brand’s parent company Inditex and Tata Group company Trent Limited.

The company had reported a net profit of Rs 104.05 crore and revenues of Rs 1,570.54 crore in the financial year 2019-20.

“The incremental store openings for Zara continue to be calibrated with focus on presence only in very high-quality retail spaces,” the company statement said.

ITRIPL currently operates 21 Zara stores in India across 11 cities.

Trent has two separate associations with Inditex — one to operate Zara stores and the other for Massimo Dutti stores in India. Massimo Dutti also reported a 49.3 per cent fall in its revenues of Rs 34 crore in FY21. It had recorded a revenue of Rs 67 crore in FY20.

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Have you launched any innovative consumer experiences over the pandemic period?

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The last one year was time for some serious strategic planning, decision making, investing in new areas, resuming business, implementing digitization, technology, innovations and also ensuring safety to the employees and consumers.

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A top new destination launches in the heart of Bengaluru, unveiling the largest Footbed display, to shop comfortable and highly functional footwear of extraordinary quality

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One such leader, who helped lead his brand out of the crisis and direct it on to the path to normalcy was Himanshu Khunteta, Founder, Tvisha Jewlz. In an exclusive chat with IMAGES Retail Bureau, he talked about how his brand faqred during the pandemic and how they worked to bring back consumers and increase sales.

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How did you ensure customer loyalty in these tough times and what steps did you take to steer the brand firmly back on the road to recovery?

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