ZARA: The technology giant of the Fashion World
ZARA. Zara is the first word hitting your mind when you are thinking about fast fashion. But who is Zara? Zara is the flagship brand of the Spanish retail group Inditex SA, one of the super-heated performers in soft retail market in the recent years. Inditex welcomes shoppers at its eight store formats – Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara home and Uterque. However, Zara is its main concept. The company’s history began with a small shop in La Coruna, back in 1975, and turned into a global retailer today expanding at a dizzying pace. Nowadays, Zara has about 1557 stores in 78 countries. But what led Inditex, and especially Zara to the domination of its industry? The answer is not that simple. Zara’s success is as much a result of its history and location, as its counter-intuitive business strategies. While it may not be possible for another company to exactly duplicate the conditions under which Zara grew and flourished we can certainly try and learn from its experiences, its processes and its business structure. What sets Zara apart from many of its competitors in terms of profits and sales, is a combination of both excellent management and marketing strategies. We can say there are three key success factors that differentiate Zara from its competition. First of all, the main advantage of Zara is the fact that it offers the latest trends of fashion in moderate prices. Everyone can buy stylish designs that resemble those of the biggest fashion houses without spending a fortune. Zara’s philosophy is to respond to new trends really quickly than setting a new trend Another advantage is that, the company has the ability to identify and catch the latest fashion trends and create products that clients want at that time ,due to its high-tech information system. Moreover, Zara can get those products onto shelves much faster and more frequently than the industry...
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