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Zara was established by Amancio Ortega Gaona in 1975. Their first shop was in central A Coruña, in Galicia, Spain, where the company is still based.They initially called it 'Zorba' after the classic 1964 film Zorba the Greek, but after learning there was a bar with the same name two blocks away, rearranged the letters to read 'Zara'.
Zara's sales in 2020 made less than half of Shein's sales which is a threat due to Zara's continued popularity. [34] Shein doubled its sales during 2020, with 35% of those sales accounting for Western clients. The reason for Shein's success, even during a pandemic, is due to their incredibly inexpensive clothing.
In 1985, Industria de Diseño Textil S.A. or Inditex was created as a holding company for Zara and its manufacturing plants. [16] In 1988, the company began expanding internationally with the opening of a Zara store in Porto, Portugal. [17] In 1990, the company-owned footwear collection, Tempe, populated in the children's section of Zara stores ...
Inditex warned that costs may rise from rerouting ships due to Houthi rebels' attacks as it makes a killing in its retail business. Your Zara and Stradivarius shipments might be delayed as the Red ...
If you’re like Us, then your social media feed is filled with Zara outfits. We get it! The retailer always delivers the latest trends at a pretty accessible price point.
For the first time, fashion designer Stefano Pilati and Zara teamed up for an exclusive capsule collection that embodies Pilati's sophisticated style.
For example, up to 85% of Zara's merchandise can be changed in the middle of the season: [21] A fast fashion system like Zara's can quickly update designs, resulting in short product cycles where a garment does not sit on the stores' shelf for long periods, giving the store a sense of exclusivity and raising the attractiveness of an item. [21]
For a brief period of time in 2015, he was the richest man in the world, surpassing Bill Gates when his net worth peaked to $80 billion as Zara's parent company, Inditex's, stock peaked. [3] He is the head of the Ortega family, and the second wealthiest retailer in the world. [4] [5]