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Zara (Spanish:) is a fashion retail subsidiary of the Spanish multinational fashion design, manufacturing, and retailing group Inditex. [3] Zara sells clothing, accessories, beauty products and perfumes. [4] The head office is located at Arteixo in the province of A Coruña, Galicia. [5] In 2020 alone, it launched over twenty new product lines. [6]
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.
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 ...
For the first time, fashion designer Stefano Pilati and Zara teamed up for an exclusive capsule collection that embodies Pilati's sophisticated style.
Us Weekly has affiliate partnerships so we may receive compensation for some links to products and services. If you’re like Us, then your social media feed is filled with Zara outfits. We get it!
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.
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