Topic > The Inditex Group - 1292

Inditex is one of the world's leading fashion retailers with 3,106 factories in 64 countries, with eight commercial formats: Zara, Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Kiddy 's Class -.The Inditex Group brings together over a hundred affiliates the various activities that make up the textile design, production and distribution business.The singularity of its management model, based on invention and flexibility, and The results obtained have transformed Inditex into one of the largest fashion distribution groups. The first Zara store opened in 1975 in Corunna (Spain), the place where the Group began its business and where the company's central services are located. Its stores, always located in privileged locations, are present in over 400 cities in Europe, America, Asia and Africa. Zara is present in 63 countries with a network of 992 stores located in prime locations in the main cities. Inditex is the third largest fashion retailer in the world. The North American chain GAP and the Swedish H&M are able to compete with Zara for the world fashion throne. Each of these three companies has its own business model, which reflects its strengths and weaknesses, according to BBVA's report. "Gap is a basic multiformat linked to the brand image. Its business model focuses on its own design and sales, outsourcing all production. With strong development in the United States, its presence is a minority in Europe. Furthermore, its positioning is less linked to Inditex fashion and prices are less aggressive." Compared to H&M, BBVA analysts believe that "the positioning in terms of fashion and price is similar to that of Inditex, making a decidedly limited offer in fashion at low prices belongs to Inditex in terms of quality and its business model it is similar to that of GAP, modeled and sold in-house but outsourcing the production, which limits the rate of entry into the market, an advantage for Inditex." Centered in Europe, H and the M begins its expansion in the United States." Zara has a very flexible structure, superior to that of its competitors and capable of adapting to any market. In principle, the guarantee of continuing to expand with success in the open air has enough,” Nueno takes aim . The company's goal is to double its size in the next four years, according to José María Castellanos, CEO of Inditex..