Introduction Zara is the most popular and profitable brand of Inditex SA, the world’s largest retail group. The first Zara store was launched in 1975 in La Coruña, Spain; a city which eventually became the central headquarters for Zara’s global operations. In the beginning the store was named Zobra, but after a while the founder and CEO Amansio Ortega has renamed it to ZARA. The first international Zara store was opened in 1988 in Oporto, Portugal. Since then Zara has expanded its operations into 87 countries with 1900 stores located in the most important shopping districts of more than 400 cities in Europe, the Americas, Asia, Africa and Middle-East .
Introduction Zara is a fashion label and fashion chain stores established in 1975 by the Spanish group Inditex owned by Amancio Ortega. Ortega is the founder of Inditex, which was established in 1963. Inditex has been the holding company above Zara and other retail chains since 1985. In addition to Zara, the rest of the labels the groups own are Bershka, Massimo Dutti, Pull and Bear, Stradivarius, Oysho, Zara Home, Zara kinds and Uterque. Zara is one of the largest international fashion brands of Inditex.
All of these teams operate under the close supervision and guidance of Creative Director, Donatella Versace, Gianni's younger sister. Versace collections are distributed through a network of 240 exclusive boutiques, over 150 dedicated spaces in major department stores and duty-free areas, as well as a number of selective multi-brand boutiques in 60 countries. The Versace Group directly employs 1,500 people and provides indirect labour for an additional 5,000 worldwide. With a solid international presence, the Versace Group boasted sales in excess of 822 billion lira and net earnings of 18 billion lira in the 1999 fiscal year. http://www.versace.com/flash.html
Zara was founded in A Coruña, Galicia, Spain in 1975 by Amancio Ortega. In the beginning Zara clothes offered affordable replicas of expensive designer clothing. In the 1980s Zara’s founder Ortega began to make adjustments to Zara’s manufacturing, distribution, and design strategies to help create a responsive supply chain. These adjustments to Zara’s supply chain proved to be successful and allowed them to open retail stores in more than seventy three countries. Today Zara is the world’s largest fashion retailer which is due to its vertically integrated value-chain and responsive supply chain.
The Citicorp piece is a multinational banking corporation which operates in more than 100 countries. Travelers Group businesses include credit services, consumer finance, brokerage, and insurance (Wikipedia 2008). Citicorp was originally known as the Bank of New York. It was established on September 14th, 1812. The first acting president was Samuel Osgood.
Compare and contract findings of Zara and other retailers. The overall aim of the report is to show how Zara while trading in a highly competitive market has produced a supply chain model, which is unique. This uniqueness has led to the overall success of Zara and helped to make the organization a worldwide success. Origins and history of the organization Zara is a sister company of the Inditex Group which is owned by the Spanish tycoon Amancio Ortega. Inditex is one of the world’s largest fashion retailer and its foundation dates back to 1963.
A Spanish retail giant and the world largest fashion chains that is well known across the globe. Zara is multinational fashion company founded by Amancio Ortega and Rosalía Mera in 1975. The company first open its store in La Coruña, Galicia, Spain with the name Zorba which later changed into Zara until now and has successfully expanded throughout Europe, the Americas, the Middle East, Asia, and with its current Headquarters known as “The Cube” based in the same location as the first store. Zara is part of the Inditex Group along with the other well-known brands such as Pull & Bear, Massimo Dutti and Bershka. As the fastest growing fashion industry, Zara has opened more than 2000 stores in 77 countries and well-known brand image for its high quality fashions with huge range of designs and affordable price.
The Inditex Company is a company based in Spain known as one of the most successful fashion companies in the world. Inditex’s brands include Bershka, Massimo Dutti, Oysho, Stradivarius, Pull & Bear, Uterque, Zara Home, and most commonly known, Zara. Zara is the oldest and biggest brand that Inditex owns. The company started as a small shop in La Coruna first named Zorba. The name was later changed to Zara because there was already a bar nearby with the name Zorba.
Zara: IT for Fast Fashion Zara is one of the oldest and biggest fashion brands of Inditex, one of the world’s largest distribution groups. It is a Spanish clothing and accessories retailer that was started in 1975 by Amanico Ortega. Jose Maria Castellano Rios joined Zara in 1985 as an IT manager and went on to become the CEO of Inditex in 1997. Ortega and Castellano shared many business beliefs about the company which has led Zara to become one of the world’s largest apparel retailers today. Zara still lives on a simple idea originated by Ortega, according to which, customer demand is the crux of the business.
Two decades later, that one store grown into a whole chain of women's apparel stores that overextended from New England to Washington D.C. In the mid 70’s T.J. Maxx was born and grew into what is known today as the TJX Companies, Inc., which is the leading off-price retailer of apparel and home fashions in the United States and worldwide. Corporate Social Responsibility (CSR) is the way a corporation achieves a balance between its economic, social, and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations. In general, when firms hold this wider encouraging role on the public by being engaged with stakeholders, a variety of profit can be produced for both company and the stakeholders. A key inclination is the combination of Corporate Social Responsibility (CSR) into the organization strategy, culture, mission and communications.