Zara
Armancio Ortego was borned on the 28th of March 1986 at Léon in Spain. At 14 years old, he starts his career as a delivery man, and it is during a tour that he notices a beautiful clothe, for his girlfriend, through a shop window. As he cannot afford to buy it, he decides to replicate it. And the result will be so satisfying, that he produces several copy.
After this event, he creates, with the help of his uncle, a pull over which know a huge success. Thanks to the benefits,Armancio Ortega opens his first shop in 1975 named ZARA by referring a travel to Zadar in Croatia.
Fom the beginning until today, the principle is simple: provide an opportunity for everyone to afford luxury model inspired from fashion show at a reasonable price.
In 1985, he creates Inditex for “industrio de diseno textile” which is composed today by Zara, Massimo Dutti, Pull and Bear, Stradivarius, Bershka, Oysho, Uterqüe and since 2003 Zara home.
Today, Zara is present in 77 countries with a network of 1748 stores with locations in the world’s largest cities. In less than 30 years, Zara is becoming the leader in the clothes and accessories retail just behind its legendary competitor H&M.
ZARA through the world
Zara and by extansion Inditex, has not been impacted by the actual crisis on the textile market. Indeed, Inditex’s benefits on 2009/2010 increase of 5% to reach 11,08 billion dollars with a turnover of 11 billion dollars (increase of 7%).
Region Turnover (%)
Spain 31,8
Europe (without Spain) 45,7
Asia 12,2
America 10,2
Key dates:
1975: Open of the first Zara store in Corona (Spain)
1985: Creation of Inditex
1988: the first Zara’s store opens abroad in Porto (Portugal)
1989-1980: the group enter United state (New york 1989) and France (Paris 1990)
2001:Inditex goes public quoted at 14,70 euros, today the price about 53 euros.
2003: Launch of Zara home
2004: the 2000th store opens in Hong-Kong to enter Asian market.
2010: