Inditex
From Wikipedia, the free encyclopedia
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| Type | Public (BMAD: ITX) |
|---|---|
| Founded | A Coruña, Spain 1974 |
| Headquarters | Arteixo, A Coruña, Spain |
| Key people | Amancio Ortega Gaona (Chairman of the board), Pablo Isla Álvarez de Tejera (CEO) |
| Industry | Retail |
| Products | Clothing, accessories |
| Revenue | €10.41 billion (2008)[1] |
| Operating income | ▲ €1.609 billion (2008)[1] |
| Net income | ▲ €1.253 billion (2008)[1] |
| Employees | 89,110 (2008)[1] |
| Website | www.inditex.com |
Inditex, INdustrias de DIseño TEXtil, S.A., (English: Textile Design Industries, Inc.) (BMAD: ITX), is a large Spanish corporation and one of the world's largest fashion groups. It is made up of almost a hundred companies dealing with activities related to textile design, production and distribution. Amancio Ortega Gaona is the founder and current chairman of Inditex. He is also Spain's richest man.
Inditex runs over 4,350 stores worldwide[2] and owns brands like Zara, Massimo Dutti, Bershka, Oysho, Pull and Bear, Zara Home, Kiddy's Class (Skhuaban), Uterqüe and Stradivarius. Most stores are corporate-owned since franchises are only conceded in countries where corporate properties can not be foreign-owned (in some Middle Eastern countries, for example).
The group designs and manufactures almost everything by itself, and new designs are dispatched twice a week to Zara stores.
Inditex headquarters are located in Arteixo, a village in the province of A Coruña in Galicia, in the north west of Spain. It is there where almost all its merchandises are manufactured. In addition they have another big plant mainly responsible for shoes’ design, production and distribution in Elche, a well-known town of Alicante’s province in the Spanish Mediterranean coast.
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[edit] History
The first Zara shop opened its doors in 1975 in A Coruña (Galicia, Spain), the city which saw the Group's early beginnings and which is now home to its central offices. Today Inditex's stores can be seen in places like New York's Fifth Avenue,Milan's Corso Vittorio Emanuele II, London's Regent Street, Frankfurt's Zeil, Shanghai's Nanjing West Road, Tokyo's Shibuya, Istanbul's Nişantaşı or Seoul's Myeong-dong.
Inditex won the 2006 Wharton Infosys Business Transformation Award for their innovative and successful implementation of information technology to drastically decrease the time it takes to get new merchandise from the design stage to the in-store stage.
In 2008 Inditex launched Uterqüe, the new accessories brand of the company. Three inaugural flagship stores were opened in Madrid (Serrano Street), Barcelona (Passeig de Gràcia) and La Coruña.
On 22 September, 2008 Inditex opened its 4,000th store in the Ginza in Tokyo, considered one of the most important shopping areas in the world.
[edit] Subsidiaries
- Zara - It is the flagship chain. It encompasses many different styles, from the "journal" clothes, more informal, to the more serious or formal, through dresses and suits for festival events. Fashion for women, men and children.
- Pull and Bear - It focuses on youth fashion, with a very urban style. Aimed primarily at teens and pre-teens, both for girls and boys.
- Bershka - It began distributing fashion for girls, and, more recently, for boys too. It also has a youthful style, although not as urban as Pull & Bear.
- Massimo Dutti - Highlights are designs more elegant, classic and studied, for journal and formal clothes. It is characterized by being more expensive than the rest of stores of the group. Fashion for women, men and, recently, for children.
- Stradivarius -Aimed at the young woman. A stylish mix between Pull & Bear and Bershka, but more similar to the last.
- Oysho - Lingerie and women's underwear (but also includes pyjamas, accessories, bathing suits in the summer and more) also includes collections for little girls and babies.
- Zara Home - Interiors, utensils for household furnishings, accessories, kitchenware, Zara Home Kids (for children).
- Uterqüe - The latest addition to Inditex. Sophisticated accessories including shoes, handbags, jewellery, sunglasses. With a sober image, wood, inspired by the English clubs, but at the same time achieving a clear and modern ambient. More costly than the group's other brands, except Massimo Dutti, it still aims to be price competitive with the big brands in the market.
| Company | No. of shops[1] | Year of creation |
|---|---|---|
| Zara | 1,520 | |
| Bershka | 551 | |
| Pull and Bear | 591 | |
| Massimo Dutti | 470 | |
| Stradivarius | 456 | |
| Oysho | 374 | |
| Zara Home | 239 | |
| Uterqüe | 31 | 2008 |
| TOTAL | 4,264 |
[edit] See also
[edit] References
- ^ a b c d e "Annual Report 2008" (in Spanish) (PDF). Inditex. http://www.inditex.com/en/downloads/09_informe_gestion_grupo.pdf. Retrieved on 2009-05-14.
- ^ "Grupo INDITEX - Nuestro Grupo". Inditex. 2008-11-10. http://www.inditex.com/es/quienes_somos/nuestro_grupo. Retrieved on 2008-11-10.
[edit] External links
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