This document provides information about Inditex, the largest fashion group in the world. It owns several popular fashion chains including Zara, Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home. Inditex has over 3,800 stores globally and follows a unique vertically integrated business model that allows it to rapidly design, produce, and distribute fashion to stores. The group prioritizes flexibility and an ability to quickly adapt to fashion trends and customer demands.
International strategy at Zara is defined by the combined generic strategy of cost leadership and differentiation strategy. There are considerations, however, such as when selecting the Lebanese market, labor cost and productivity, distribution cost and shipment cost of raw materials are considered. Other considerations are characteristics or behavior of consumers and income per capita. In terms of marketing approach, the considerations include the 4Ps inherent to the Lebanese consumers and business environment. Market entry considerations include economics, both macroeconomic factors which include tax, political condition and export tariff and microeconomic factors including local competitors, demand and location of store. Regulation from government and local producers protection issues are other considerations.
So proud of my first market report for the university especially because of the visual layout and the photographs. Photography, art direction and styling by me. Created with #indesign
International strategy at Zara is defined by the combined generic strategy of cost leadership and differentiation strategy. There are considerations, however, such as when selecting the Lebanese market, labor cost and productivity, distribution cost and shipment cost of raw materials are considered. Other considerations are characteristics or behavior of consumers and income per capita. In terms of marketing approach, the considerations include the 4Ps inherent to the Lebanese consumers and business environment. Market entry considerations include economics, both macroeconomic factors which include tax, political condition and export tariff and microeconomic factors including local competitors, demand and location of store. Regulation from government and local producers protection issues are other considerations.
So proud of my first market report for the university especially because of the visual layout and the photographs. Photography, art direction and styling by me. Created with #indesign
Digital Marketing Strategies. Case study - Mango Marina Decuseara
What platforms the website has in place and how it should enhance them, the position against their primary competition, how its strategies and tactics are influenced by brand, targeting and positioning, kewords employed in the organic and paid search, email marketing strategy, my recommendations for the organisation.
Zara- Case Study
Known for its fast, affordable fashion, retail chain Zara has built up a multi-billion dollar brand through listening and reacting quickly to its customers
ZARA's external and internal enviroment. This presentation covers the main characteristics of ZARA, a general view of fast fashion indystry, Porters' Five Forces Analysis, competitors' external environment as well as a complete internal analysis regarding:competences, capabilities, resources, competitive advantage,value chain and outsourcing.
Case study for Zara for the brand management process; competitors and positioning in the market, brand wheel and 4P strategy and historical development process of the company articulated.
Project for Advanced Fashion Production.
Istituto Marangoni, Milano, July 2014
Analysis on existing brand and past collections. Develop and design the concept of a new collection respecting the brand's identity and based on the season's trends.
Digital Marketing Strategies. Case study - Mango Marina Decuseara
What platforms the website has in place and how it should enhance them, the position against their primary competition, how its strategies and tactics are influenced by brand, targeting and positioning, kewords employed in the organic and paid search, email marketing strategy, my recommendations for the organisation.
Zara- Case Study
Known for its fast, affordable fashion, retail chain Zara has built up a multi-billion dollar brand through listening and reacting quickly to its customers
ZARA's external and internal enviroment. This presentation covers the main characteristics of ZARA, a general view of fast fashion indystry, Porters' Five Forces Analysis, competitors' external environment as well as a complete internal analysis regarding:competences, capabilities, resources, competitive advantage,value chain and outsourcing.
Case study for Zara for the brand management process; competitors and positioning in the market, brand wheel and 4P strategy and historical development process of the company articulated.
Project for Advanced Fashion Production.
Istituto Marangoni, Milano, July 2014
Analysis on existing brand and past collections. Develop and design the concept of a new collection respecting the brand's identity and based on the season's trends.
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Over 1
Kaan Over
James K. Lill, Adriana Gil-Matos
Introduction to Engineering Management
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Zara International: Fashion at the Speed of Light
This study analyzes the status of Zara International taking a broader look at the apparel industry where it operates and the competitive factors, its current operational performance, its market competiveness and its response to the new trends such market globalization. The study also stretches to find out whether Inditex is still providing worthy management benchmarks that firms such as Zara could follow.
Apparel Industry and Its Competitive Factors
The global apparel industry continues to grow healthily into the future. This is attributed to the absence of switching costs for consumers and great product differentiation which has resulted into moderate competition rate. Apparel industry is important to all the economies across the globe as it contribute immensely to trade, employment, investment and revenue all over the world. The industry has vast product differentiation, short product life cycles, and is characterized by great pace of demand change that is coupled with rather long and fixed supply processes.
According to statista.com, the US Apparel industry is estimated to be around $225billion with the women accounting for the largest sales volume at $110,826 million. As of 2015, the market was valued at approximately 343 billion U.S. dollars. Price per apparel article in US was estimated to be about $19. The clothing stores sales in the industry was also estimated to about $183.01bn. The U.S. Apparel Manufacturing was reported to have employed about 89,588 people as of 2014. At the retail level clothing store sales in U.S. was estimated at $183.01bn while the U.S. apparel and accessories retail e-commerce revenue was reported to be about $63.5 Major retail and discount stores are the likes of Target, Wal-Mart, and Kohl's; these firms operate by keeping profit margins thin at stores which sell moderately priced apparel.
As seen in the figure below, the market value of the apparel industry in the United States has been on the increase since 2011. In 2011 the market was valued at $309.98 billion, in 2012, this increased to $316.92 and in 2013 it reached $323.75 billion. In 2014, the market again recorded an increase standing at $331.49 billion. In 2015 it increased to $342.94 billion and currently it stands at $358.88 billion.
Fig1: Market value of apparel and footwear in the United States from 2011 to 2016 (In $billion)
The major competitive factors in the apparel industry include the cost of labor, cost of raw materials and the shipping costs (Lu 32). Besides these, in order to remain competitive within the apparel industry, firms must updated on the latest trends in the market. As such, firms must ensure tha.
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Many organizations end the year with a "best of" list of children's books. The International Reading Association, and the annual Newbery and Caldecott Medal winners.
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
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4. Sustainability Implementation & Best Practices
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2. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
INDITEX
Inditex, one of the world’s largest fashion distributors, has more than 3,890 outlets in 70 countries
in Europe, the Americas, Asia and Africa. In addition to Zara, the largest of its retail chains,
Inditex has another commercial formats: Pull and Bear, Massimo Dutti, Bershka, Stradivarius,
Oysho and Zara Home. The Group also includes more than a hundred companies associated
with the different activities in the business of textile and fashion design, manufacture and
distribution.
Its unique management model, based on innovation and flexibility, and its vision of fashion
(creativity and quality design, together with a rapid response to market demands) has resulted
in fast international expansion and an excellent performance of its commercial formats.
The first Zara store opened to the public in 1975 in A Coruña (North-Western Spain), the place
where the Group started business and where it has its central offices. Today, Inditex Group
stores can be found in all the world’s major cities, always in the main shopping districts.
Inditex has been listed on the Spanish Stock Exchange since 23 May 2001, after an IPO that
aroused a great deal of interest among investors worldwide, with its shares being oversubscribed
some 26 times over. Its shares are quoted on the main Spanish and international share indexes.
Inditex has grown dramatically in recent years, achieving a consolidated turnover in 2007 of
9,435 million euros, with a net profit of 1,250 million euros. On 31st January 2008 the Group
had 79,517 employees. The following table shows the Group’s most significant figures in 2006
and 2007:
Fiscal Year 07/06
2007 2006
15%
9,435
Turnover* 8.196
25%
1,250
Net profit* 1.002
560
3,691
No. of stores 3.131
4
68
No. of countries 64
62.5%
International sales 60,4%
10,277
79,517
Employees 69.240
*in millions of euros
**The Inditex financial year is from 1st February to 31 January of the following year
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INDITEX
3. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
THE BUSINESS MODEL
The Inditex business model is characterised by a high degree of vertical integration compared
to other models developed by our international competitors. It covers all phases of the fashion
process: design, manufacture, logistics and distribution to its own managed stores. It has a
flexible structure and a strong customer focus in all its business areas.
The key element in the organisation is the store, a carefully designed space conceived to make
customers comfortable as they discover fashion concepts. It is also where we obtain the
information required to adapt the offer to meet customer demands.
The key to this model is the ability to adapt the offer to customer desires in the shortest time
possible. For Inditex, time is the main factor to be considered, above and beyond production
costs. Vertical integration enables us to shorten turnaround times and achieve greater flexibility,
reducing stock to a minimum and diminishing fashion risk to the greatest possible extent.
DESIGN
FACTURE
RETAIL SALES
AND SUPPLY
MAN U
D IS
TRIBUTION AND
LOGISTICS
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INDITEX
4. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
THE BUSINESS MODEL: DESIGN
The success of Inditex’s collections lies in the ability to recognise and assimilate the continuous
changes in fashion, constantly designing new models that respond to customer desires. Inditex
uses its flexible business model to adapt to changes occurring during a season, reacting to them
by bringing new products to the stores in the shortest possible time.
The models for each season -over 30,000 last year- are developed in their entirety by the creative
teams of the different chains. Over 300 designers -200 for Zara alone- take their main inspiration
from both the prevailing trends in the fashion market and the customers themselves, through
information received from the stores.
THE BUSINESS MODEL: MANUFACTURE
A significant proportion of production takes place in the Group’s own factories, which mainly
manufacture the most fashionable garments. The Group takes direct control of fabric supply,
marking and cutting and the final finishing of garments, while subcontracting the garment-
making stage to specialist firms located predominantly in the North-West of the Iberian peninsula.
The Group’s external suppliers, a high percentage of which are European, generally receive the
fabric and other elements necessary for making the clothing from Inditex.
Although percentages vary from season to season, in 2007, 63% of production was carried out
in Europe and neighbouring countries. A further 35% of total production took place in Asia.
THE BUSINESS MODEL: LOGISTICS
All production, regardless of its origin, is received at the logistical centres for each chain, from
where it is distributed simultaneously to all the stores worldwide on a highly frequent and
constant basis. In the case of Zara, distribution takes place twice a week and each delivery
always includes new models, so that the stores are constantly refreshing their offer.
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INDITEX
5. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
The logistics system, based on software designed by the company’s own teams, means that
the time between receiving an order at the distribution centre to the delivery of the goods in
the store is on average 24 hours for European stores and a maximum of 48 hours for American
or Asian stores.
The location of the distribution centres for the different sales formats is shown below, including
also future platforms planned to increase global logistics capacity.
Narón (A Coruña)
Logistical Centre
Sallent de Llobregat (Barcelona)
Logistical Centre
Arteixo (A Coruña)
Logistical Centre
León
Logistical Centre
Zaragoza Tordera (Barcelona)
Logistical Centre Logistical Centre
Meco (Madrid)
Logistical Centre
Elche (Alicante)
Logistical Centre
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INDITEX
6. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
THE BUSINESS MODEL: DISTRIBUTION IN THE
COMPANY’S OWN STORES
The point of sale is not the end of the process but rather its restart, as the stores act as market
information gathering terminals, providing feedback to the design teams and reporting the trends
demanded by customers. Both the interior and exterior of the store design are given the highest
priority. Here, the shop windows play a major role, acting as authentic advertising for our chains
in the world’s main shopping streets. As for the interior design, the aim is to create a well-lit
space where the clothes take pride of place, eliminating all barriers between the garments and
the customers.
The main development strategy for the Inditex sales formats is the opening of stores managed
by companies in which Inditex is the sole or majority shareholder. In 2007, 88% of stores were
own managed and represented 87% of the Group’s turnover.
In smaller or culturally different markets, the Group has extended the store network through
franchise agreements with leading local retail companies. At the end of the FY2007, there were
455 franchised stores out of a total of 3,691 stores.
The main characteristic of the Inditex franchisement model is the total integration of franchised
stores with own managed stores in terms of product, human resources, training, window-
dressing, interior design, logistical optimisation and so on. This ensures uniformity in store
management criteria and a global image in the eyes of customer around the world.
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INDITEX
7. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
CORPORATE SOCIAL RESPONSABILITY
Inditex views social and environmental variables as a strategic factor of its management
system. Sustainable growth, a demand from our customers and society in general, is a value
that is shared internally and that the company applies to its suppliers.
This sustainability strategy is coordinated in the social field through the Internal Code of
Conduct and the Code of Conduct for External Manufacturers and Suppliers, and in the
environmental field it is defined in the Environmental Strategic Plan.
All of Inditex’s actions in the field of corporate responsibility are audited by external agents
in order to provide greater objectivity. Transparency is Inditex’s fundamental management
value and enables a sincere, open relationship to be established with all groups that hold a
stake in our business. The efforts of Inditex in this field have been recognised internationally.
Social Dimension
All of Inditex’s activities are carried out ethically and responsibly, including actions in different
areas such as health and safety of our products, control of the supply chain and the connection
between out actions and the social environment.
All of Inditex’s products respect the environment and health and safety. By implementing the
strictest international standards, Inditex can guarantee its customers that its products meet
optimal health, safety and ethical conditions.
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INDITEX
8. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
Inditex believes that an ethical and stable relationship with its network of external suppliers
world-wide is essential. Therefore, the company applies its social commitment to all of these
suppliers through the Code of Conduct for External Manufacturers and Suppliers. Acceptance
of this is obligatory to be able to maintain business relations with Inditex. To ensure that this
code is fulfilled, independent external companies audit suppliers regularly. Inditex follows this
up with improvement programs for suppliers and social programs aimed at promoting education
and a better quality of life in the regions in which it does business.
Environmental Policy
The environmental aspect has always played an important role in Inditex’s activities. This policy
has been implemented in recent years through an environmental management system that
Inditex has designed and adapted to the requirements of its business model. This regularly
evaluates the potential impact that the company’s activities have on biodiversity and the natural
environment. Apart from fostering fulfilment of environmental legislation, the system increases
efficiency in terms of the consumption of resources and reduces the environmental impact.
This is the basis of the 2007-2010 Environmental Strategic Plan that Inditex has implemented
in order to introduce the concept of sustainability in all of its activities. The plan is realised
through five projects that contribute to the environmental impact of the product, corporate
areas, logistics, stores and a general initiative to offset carbon emissions. Inditex’s aims with
these initiatives to offset CO2 emissions include implementing efficient energy saving habits
and applying its commitment to the environment to all of its employees.
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INDITEX
9. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
COMMERCIAL FORMATS
In order to segment its approach to the market, Inditex has different fashion distribution chains,
all of which share the same commercial and managerial focus: to be leaders in their segment
through a flexible business model and an international scope. However, each of the chains has
a great deal of autonomy in managing its business; their management teams are independent
in commercial decision-making and in the way they administer their resources.
Nonetheless, the fact they belong to a group spread over 70 countries provides a great number
of organisational and knowledge-management synergies. Thus, each management team can
concentrate on developing its business in the knowledge that certain support elements are
covered by the Group’s accumulated experience.
Inditex, as the parent company, is responsible for the central corporate services, i.e. those
services shared by the eight chains and which facilitate international growth: administration,
the use of logistics technology, the general HR policy, legal issues, and financial capacity, among
others.
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INDITEX
10. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
Zara (www.zara.com), whose first store opened in 1975
in A Coruña (Spain), is present in 68 countries, with a
network of more than 1,400 stores, ideally located in
major cities. Its international presence clearly shows that
national frontiers are no impediment to sharing a single
fashion culture. Zara moves with society, dressing the
ideas, trends and tastes that society itself has created.
This is the key to its success among people, cultures and
generations that, despite their differences, all share a
special feeling for fashion.
With a creative team of more than 200 professionals,
Zara’s design process is closely linked to the public.
Information travels from the stores to the design teams,
transmitting the demands and concerns of the customers.
The vertical integration of activities (design, production,
logistics, and sales in the company’s own stores) means
Zara is flexible and fast in adapting to the market. Its
model is characterised by continuous product renovation:
new articles reach the stores twice a week. Zara pays
special attention to the design of its stores, its shop
windows and interior decor, and locates them in the best
sites of major shopping districts. Its central services are
located in Arteixo (A Coruña).
2007
ZARA
1,361
Nº of stores
6,264
Turnover*
72.0
% international sales
66.4
% of Inditex
* in millions of euros
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INDITEX
11. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
Pull and Bear (www.pullandbear.com) was set
up by the Inditex Group in 1991. Since its
creation, its fashion concept has known how to
adapt to the needs of young people, and is now
a clear point of reference for casual, laid-back
clothing. Pull and Bear aims to be something
more than just a point of sale. As well as the
clothes and accessories, the chain offers special
spaces in the stores in which the display fixtures
are combined with recycled elements from the
past, to create the kind of surroundings that
young people love. Pull and Bear has more than
540 stores in 35 countries. Its central services
are located in Narón (A Coruña).
PULL AND BEAR 2007
519
Nº of stores
614
Turnover*
45.3
% international sales
6.5
% of Inditex
* in millions of euros
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INDITEX
12. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
Massimo Dutti (www.massimodutti.com) was
founded in 1985 and acquired by Inditex in 1991.
Today, it has more than 430 stores in 34 countries.
Massimo Dutti offers quality international fashion
design for men, women and children, with a variety
of collections that range from sophisticated urban
fashions to casual wear. Its central services are
located in Tordera (Barcelona).
MASSIMO DUTTI 2007
Nº of stores 426
Turnover* 696
% international sales 51.3
% of Inditex 7.4
* in millions of euros
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INDITEX
13. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
Bershka (www.bershka.com) was founded in
1998 as a new store and fashion concept,
targeting the young female market. Since
2002 it has also sold men’s fashion. Bershka
stores are large and spacious with a cutting-
edge look. They are designed as meeting
points for fashion, music and street art. The
chain has more than 530 stores in 35
countries. Its central services are located in
Tordera (Barcelona).
BERSHKA 2007
510
Nº of stores
925
Turnover*
49.6
% international sales
9.8
% of Inditex
* in millions of euros
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INDITEX
14. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
S tradivarius (www.e-stradivarius.com), a chain
acquired by Inditex in 1999, brings the latest trends
in design, fabrics and accessories to a young female
public. Its spacious stores (over 400 in 25 countries)
have a modern, dynamic design and offer a wide
range of fashion possibilities, with a casual and
imaginative style. Its central services are located in
Sallent de Llobregat (Barcelona).
2007
STRADIVARIUS
381
Nº of stores
521
Turnover*
24.9
% international sales
5.5
% of Inditex
* in millions of euros
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INDITEX
15. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
Oysho (www.oysho.com) started business in
2001. This format brings the philosophy of the
Inditex Group to the women's lingerie and
underwear sector, offering the latest trends
with quality products at reasonable prices. It
has more than 320 stores in 22 countries. Its
central services are located in Tordera
(Barcelona).
OYSHO 2007
Nº of stores 290
Turnover* 213
% international sales 24.9
% of Inditex 2.3
* in millions of euros
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16. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
Zara Home (www.zarahome.com) is the latest chain
to be created by the Inditex Group. It specialises in
home furnishings, focussing on textiles, such as bed,
table and bathroom linen, complemented by tableware,
cutlery, glassware and decorative items. Zara Home
offers design, quality and innovation at competitive
prices. It has more than 220 stores in 22 countries.
Its central services are located in Arteixo (A Coruña).
2007
ZARA HOME
204
Nº of stores
Turnover* 201
% international sales 44.9
% of Inditex 2.1
* in millions of euros
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17. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
INTERNATIONAL EXPANSION
Timeline of Inditex´s entry into international markets:
1975 1998
Spain Argentina, United Kingdom, Venezuela, Lebanon, Turkey, United Arab Emirates and Kuwait
1999
1988 Portugal The Netherlands, Germany, Poland, Saudi Arabia, Bahrain, Canada, Brazil, Chile and Uruguay
1989 2000
USA Andorra, Qatar, Austria and Denmark
1990 2001
France Puerto Rico, Ireland, Jordan, Iceland, Luxembourg, Czech Republic and Italy
1992 2002
Mexico El Salvador, Finland, Dominican Republic, Singapore and Switzerland
1993 2003
Greece Russia, Malasya, Slovenia and Slovakia
1994 2004
Belgium and Sweden Hong Kong, Morocco, Estonia, Latvia, Hungary, Romania, Lithuania and Panama
2005
1995 Malta Costa Rica, Thailand, Monaco, Philippines and Indonesia
1996 2006
Cyprus Serbia, Tunisia and Mainland China
Norway, Japan and Israel
1997 2007
Guatemala, Colombia, Croatia and Oman
2008
Korea and Ukraine
The first Zara store opened to the public in A Coruña (North-Western Spain) in 1975. Over
the following decade it continued to open new stores throughout Spain. In 1988 it debuted
in Porto (Portugal), and in the next few years, the first stores were opened outside the Iberian
Peninsula, in New York (1989) and Paris (1990). This was the beginning of a process leading
up to the current presence in 70 countries in Europe, the Americas, Asia and Africa. It sucess
among people, cultures and generations which, despite their differences, all share a special
feeling for fashion lies in the conviction that national frontiers are no impediment to sharing
a single fashion culture.
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18. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
The usual way of entering a new market is to start with a small nember of stores, which can
explore the possibilities of a specific country in order to gain a critical mass of customers. The
new formats incorporated into the Group since 1991 share the same international approach
as Zara -in fact, that is one of their fundamental characteristics. As a result, all of them have
grown simultaneously in Spain and in other countries. In most cases, Zara has been the first
chain to break into new countries, accumulating experience which has helped the later
implementation of the rest of the concepts. This accumulated experience has also allowed the
accelerated international expansion of the more recently created chains.
SALES BY GEOGRAPHICAL AREAS / 2007
.5%
37 10
.8
%
Europe (ex-Spain)
9.4%
Spain
America
Rest of the world
42.4%
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19. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
Amancio Ortega Gaona, chairman and founder of Inditex, was born in
1936 in Busdongo de Arbas, León. He moved to A Coruña with his family
at an early age, and it was there that he began his business activities in
the textile sector. After working with two well-known establishments in
A Coruña, he ventured out with a business project of his own.
His first steps culminated in the creation, in 1963, of the company
Confecciones GOA, a garment manufacturing company. Following an initial
stage of growth in the area of production, the first store of the Zara chain
opened on a central A Coruña street in 1975. In 1985, Amancio Ortega
integrated Zara in a new holding company, Industria de Diseño Textil,
INDITEX S.A.
In 2001 the Amancio Ortega Foundation was set up, a private non-profit
organisation aimed at promoting all types of activities in the fields of
culture, education, research and science.
Pablo Isla, First Deputy Chairman and CEO of Inditex,
was born in Madrid in 1964. He is a graduate of Law
from the Complutense University of Madrid and State
lawyer. He was Chairman of the Board of Directors of
Altadis and co-CEO was joint-president of this group from
July 2000.
From 1992 to 1996 he was Director of Legal Services for
Banco Popular. He went on to be appointed General
Director of State Assets at the Ministry of Economy and
Finances. In 1998, he rejoined Banco Popular as General
Counsel, until he was appointed in the Altadis group.
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20. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
INDITEX GROUP TIMELINE
Amancio Ortega Gaona, chairman and founder of Inditex, begins his business activities as a clothing manufacturer. The business grows
1963
steadily over the next decade until it has several production centres, distributing their products to different European countries.
1974
Zara is founded with the opening of its first store in a central street in A Coruña (Spain).
1975
1976
The Zara fashion concept is well received by the public, allowing it to expand its network of stores to the main Spanish cities.
1984
Creation of Inditex as the head of the corporate group.
1985
The manufacturing companies in the Group direct their total production to the Zara concept and establish the basis for a logistics system
1986
1987 to match the expected high growth rates.
The opening of the first Zara store outside Spain occurs in December 1988 in Porto (Portugal).
1988
1989
The Group expands to the United States and France with the opening of outlets in New York (1989) and Paris (1990).
1990
Founding of the Pull and Bear chain and the purchase of 65% of the Massimo Dutti Group.
1991
1992
Inditex continues to open new international markets: Mexico in 1992, Greece in 1993, and Belgium and Sweden in 1994.
1994
1995 Inditex acquires the whole of the share capital of Massimo Dutti. This year also sees the opening of the first store of the Group in Malta
1996 and, in the following year, in Cyprus.
Norway and Israel join the list of countries in which Inditex is present.
1997
The Bershka concept, targeting the younger female market, begins activity in a year which also sees the opening of stores in new
1998
countries: United Kingdom, Turkey, Argentina, Venezuela, United Arab Emirates, Japan, Kuwait and Lebanon.
The acquisition of Stradivarius makes it the fifth concept of the Group. Inditex open stores in new countries:The Netherlands, Germany,
1999
Poland, Saudi Arabia, Bahrain, Canada, Brazil, Chile and Uruguay.
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21. INDITEX
ZARA PULL AND BEAR MASSIMO DUTTI BERSHKA STRADIVARIUS OYSHO ZARA HOME
Inditex moves its headquarters into a new building in Arteixo (A Coruña, Spain). This year first openings take place in: Andorra, Austria,
2000
Denmark and Qatar.
Launching of the Oysho lingerie concept. On 23 May 2001 Inditex goes public and is listed on the stock market. During this year the
2001
Group expands into: Ireland, Iceland, Italy, Luxembourg, Czech Republic, Puerto Rico and Jordan.
Work begins on the new Zara logistical centre in Zaragoza (Spain). The Group opens its first stores in Finland, Switzerland, El Salvador,
2002
Dominican Republic and Singapore.
The opening of the first Zara Home stores, the last concept in the Group. Inditex inaugurates its second Zara distribution centre,
2003
Plataforma Europa, in Zaragoza (Spain), complementing the activity of the Arteixo logistical centre (A Coruña, Spain). The first stores
of the Inditex Group are opened in Slovenia, Slovakia, Russia and Malaysia.
The Inditex Group opens store number 2,000 in Hong Kong, thereby reaching a presence in 50 countries in Europe, The Americas,
2004
Asia and Africa. In this year the first store also opens in Morocco, Hungary, Romania, Estonia, Latvia, Lithuania and Panama.
The Group opens its first stores in Costa Rica, Monaco,Thailand,Philippines and Indonesia.
2005
Mainland China, Tunisia and Serbia join the list of countries in which Inditex is present.
2006
Inditex concepts opened stores in 50 countries. During this year four new markets were entered: Croatia, Colombia, Guatemala and Oman
2007
The Group opens it first stores in Korea and Ukraine
2008
For further information:
INDITEX
Dirección GenCommunication and Institutional Relations Corporate Division
+34 981 185 400
comunicacion@inditex.com
This press dossier has been updated at 7th June 2008
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