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The efficiency is achieved through the retailers' understanding of the target market's wants, which is a high fashion-looking garment at a price at the lower end of the clothing sector. One of the largest causes of the high demand is the short trend cycles: The more an audience is exposed to new trends, the higher the demand grows.
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'.
Es de Velasco - high-end department store chain, founded in 1939, acquired by competitor González Padín in 1991, closed in 1995. New York Department Stores - department store chain, founded in 1931, acquired in 1994 by the Melville Corp. , most stores turned to Marshalls or closed.
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 ...
Amancio Ortega's fortune in 2021 is estimated to be around 73.1 billion euros. He has been considered for years as one of the five richest men in the world, although currently he has been left out of the top 10 billionaires worldwide. [22] [23] He is currently the largest shareholder of Inditex, with almost 60-65%. [24] [25]
High fashion clothing brands — brands currently showing at one of the world's four major fashion weeks, in Paris, Milan, London, and New York Subcategories. This ...
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