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- In fiscal 2022 sales rose 23%, reflecting greater foot traffic and increasing store productivity. The higher achievement was accomplished with 10% fewer stores and 6% less commercial space than in 2021. Zara’s ongoing store optimization and digitalization continues to be the key to the success.
www.forbes.com/sites/walterloeb/2023/03/22/zaras-30-expansion-and-2022-outstanding-results/
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Mar 13, 2024 · Inditex revealed its pre-tax profit for the year surged by more than 28% to 6.9 billion euros (£5.9 billion) compared with the previous year.
- Anna Wise
Sep 13, 2023 · Zara owner Inditex has revealed a sharp rise in profits on the back of strong sales of its spring-summer product lines. The world’s largest fashion business, which also owns the Pull & Bear and...
- Henry Saker-Clark
- The Zara Brand Story
- The Zara Brand Strategy
- Customer Co-Creation: Zara’s Principal Designer Is The Customer
- Zara’s Super-Efficient Supply Chain
- Sustainability at The CORE of Zara’s Operations
- Zara’s Culture: The Word “Impossible” Does Not Exist
- The Zara Brand Communication Strategy
- Zara’s Future Brand and Business Challenges
- Conclusion: Take Zara’s Cue and Listen to Your Customers
- Insights Links
Zara was founded by Amancio Ortega and Rosalía Mera in 1975 as a family businessin downtown Galicia in the northern part of Spain. Its first store featured low-priced lookalike products of popular, higher-end clothing and fashion. Amancio Ortega named Zara as such because his preferred name Zorba was already taken. In the next 8 years, Zara’s appro...
In 2019, Zara was ranked 29th on global brand consultancy Interbrand’s list of best global brands. Its core values are found in four simple terms: beauty, clarity, functionality and sustainability. The secret to Zara’s success has largely being driven by its ability to keep up with rapidly changing fashion trends and showcase it in its collections ...
Zara’s unrelenting focus on the customer is at the core of the brand’s success and the heights it has achieved today. There was a fascinating story around how Zara co-creates its products leveraging its customers’ input. In 2015, a lady named Miko walked into a Zara store in Tokyo and asked the store assistant for a pink scarf, but the store did no...
Zara’s highly responsive, vertically integrated supply chain enables the export of garments 24 hours, 365 days of the year, resulting in the shipping of new products to stores twice a week. After products are designed, they take around 10 to 15 days to reach the stores. All clothing items are processed through the distribution center in Spain, wher...
Sustainability has been a hot topic in business for the last decade and is now quickly becoming a must-have hygiene factor for companies that want to resonate with and win the loyalty of its global customers. For Inditex, this means having a commitment to people and the environment. Commitment to people: Inditex ensures that its employees have a sh...
Zara has a very entrepreneurial culture, and employs lots of young talent who quickly climb through the ranks of the company. Zara promotes approximately two-thirds of its store managers from within and generally experiences low turnover. The brand has no fear in giving responsibility to young people and the culture encourages risk-taking (as long ...
Zara has used almost a zero advertising and endorsement policy throughout its entire existence, preferring to invest a percentage of its revenues in opening new stores instead. It spends a meager 0.3 per cent of sales on advertising compared to an average of 3.5 per cent by competitors. The brand’s founder Amancio has never spoken to the media nor ...
Charting a new digital strategy in the COVID-19 crisis: With its primarily offline shopping experience, Zara has been hard hit by global store closures amid the COVID-19 crisis in 2020, with sales falling 44% year-on-year in Q1 2020 and the company reporting a net loss of USD 482 million. Inditex has announced that it will be closing between 1,000 ...
The Zara brand was born with a keen eye on its customer – its ability to understand, predict and deliver on its customers’ preferences for trendy fashion at affordable prices. In addition to its effective supply chain, the brand’s ability to have its customers co-create designs is unique and provides it with a competitive advantage. Most fashion tr...
About the author: Martin Roll – Business & Brand Strategist Read about Uniqlo: Uniqlo – The Strategy Behind The Global Japanese Fast Fashion Retail Brand Read about Forever 21: Forever 21 – Fast Fashion Retail Brand With An Edge Read about Charles & Keith: Charles & Keith – A Truly Successful Asian Global Fast Fashion Retail Brand Read more: Insigh...
Dec 10, 2019 · A net profit margin of 10 to 14 per cent has been the envy of mass-market rivals. Two-thirds of Inditex’s sales are from Zara, whose superfast supply chain can take products from design to sales...
Jun 7, 2023 · Zara owner Inditex has reported a better-than-expected 54% rise in first-quarter profit, as sales kept pace after a strong 2022, when it outperformed other retailers amid the cost of living...
Highlights of Inditex’s H1 results. Gross profit for the period increased 24.5 percent to 8.6 billion euros and gross margin reached 57.9 percent, highest in seven years. EBITDA increased 30 percent to 4 billion euros, while EBIT increased 44 percent to 2.4 billion euros and PBT 42 percent to 2.3 billion euros.
Mar 13, 2024 · Zara owner Inditex has reported record annual sales and strong demand for its new spring and summer fashion collections. The fashion retail giant, which also owns brands including Bershka and...
