Inditex managed to reduce stock-in-trade by 19 percent at the end of July, softening the blow to earnings.

In a joint agreement with global workers' union IndustriALL, the Zara owner has committed to ensuring health and safety standards are met and workers' rights to unionise are maintained.

The Zara owner reported a net loss of $465 million despite a 95 percent increase in online sales in April.

Inditex managed to rely on its online business to keep operations running, limiting the damage from shuttered stores.