Zara Owner’s Lean Business Model Helps It Cope With Pandemic

Zara retailer managed to reduce stock-in-trade by 19 percent at the end of July, taking advantage of flexible purchasing agreements that allow the company to rapidly adapt to changes in demand. That softened the blow to earnings, which exceeded analysts’ estimates even though they were less than half last year’s level. The stock rose as much as 6.7 percent Wednesday morning.