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This page allows you to examine the variables generated by the Edit Filter for an individual change.
Variables generated for this change
Variable | Value |
---|---|
Whether or not the edit is marked as minor (no longer in use) (minor_edit ) | false |
Edit count of the user (user_editcount ) | null |
Name of the user account (user_name ) | '82.213.182.160' |
Age of the user account (user_age ) | 0 |
Groups (including implicit) the user is in (user_groups ) | [
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Rights that the user has (user_rights ) | [
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17 => 'ep-bereviewer'
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Global groups that the user is in (global_user_groups ) | [] |
Whether or not a user is editing through the mobile interface (user_mobile ) | false |
Page ID (page_id ) | 725765 |
Page namespace (page_namespace ) | 0 |
Page title without namespace (page_title ) | 'Inditex' |
Full page title (page_prefixedtitle ) | 'Inditex' |
Last ten users to contribute to the page (page_recent_contributors ) | [
0 => 'KolbertBot',
1 => 'Jansola724',
2 => 'Bender the Bot',
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First user to contribute to the page (page_first_contributor ) | 'Vikingstad' |
Action (action ) | 'edit' |
Edit summary/reason (summary ) | '/* Online presence */ Fixed typo' |
Old content model (old_content_model ) | 'wikitext' |
New content model (new_content_model ) | 'wikitext' |
Old page wikitext, before the edit (old_wikitext ) | '{{Use dmy dates|date=February 2011}}
{{Infobox company
| name = Industria de Diseño Textil, S.A.
| logo = [[Image:Inditex.svg|250px]]
| type = [[S.A. (corporation)|Sociedad Anónima]]
| traded_as = {{BMAD|ES0148396007|ITX}}
|ISIN = ES0148396007
| predecessor = {{unbulleted list|Confecciones GOA, S.A.|GOASAM, S.A.}}
| founder = [[Amancio Ortega]]<br />[[Rosalía Mera]]
| area_served = Global
| key_people = [[Pablo Isla]] <small>([[Chairman]] and [[chief executive officer|CEO]])</small>
| industry = [[Retailing]]
| products = [[Clothing]] & [[Fashion]] retailer
| revenue = [[Euro|€]]20.900 billion (2015)<ref name="AR2015">{{cite web |url=https://www.inditex.com/en/investors/investors_relations/financial_data|title=Financial Data|format=pdf |access-date=16 March 2016|publisher=Inditex}}</ref>
| operating_income = €3.677 billion (2015)<ref name="AR2015" />
| net_income = €2.9 billion (2015)<ref name=bbc2016/>
| assets = €17.357 billion (2015)<ref name="AR2015" />
| equity = €11.451 billion (2015)<ref name="AR2015" />
| owner = [[Amancio Ortega]] (59%)
| num_employees = 152,854 (2015)<ref name =bbc2016>{{cite web|url=http://www.bbc.com/news/business-35761916|title=Zara Owner Inditex Sees Profits Jump as Sales Soar|publisher=BBC|date=9 March 2016 |access-date=16 March 2016}}</ref>
| subsid = [[Zara (clothing)|Zara]], [[Pull & Bear]], [[Bershka]], [[Massimo Dutti]], [[Stradivarius (Inditex)|Stradivarius]], [[Oysho]], [[Zara Home]], [[Uterqüe]]
| intl = Yes
| homepage = {{URL|http://www.inditex.com}}
| foundation = [[Arteixo]], [[Spain]]<br />({{Start date and age|1985|06|12}})
| location_city = [[Arteixo]]
| location_country = [[Spain]]
| locations = 7292 stores<ref name="AR2015" />
}}
'''Industria de Diseño Textil, S.A.''' ('''Inditex''') ({{IPAc-en|ˌ|ɪ|n|d|ɪ|ˈ|t|ɛ|k|s}}, {{IPA-es|indiˈteks|lang}}; Textile Design Industries) is a [[Spain|Spanish]] [[Multinational corporation|multinational]] clothing company headquartered in [[Arteixo]], [[Galicia (Spain)|Galicia]].<ref>{{cite web|url=https://www.theguardian.com/fashion/2013/dec/15/inditex-spain-global-fashion-powerhouse|title=Inditex: Spain's Fashion Powerhouse You've Probably Never Heard Of|publisher=The Guardian|first=Sarah |last=Butler|date=14 December 2013|access-date=20 April 2016}}</ref>
Inditex, the biggest fashion group in the world, operates over 7,200 stores in 93 markets worldwide.<ref>{{Cite web|url=http://www.inditex.com/en/our_group/international_presence|title=International presence - inditex.com|last=|first=|date=|website=www.inditex.com|archive-url=|archive-date=|dead-url=|access-date=2017-03-16}}</ref><ref name =bbc2016 /><ref name=bof>{{cite web|url=http://www.businessoffashion.com/articles/intelligence/inditex-agile-fashion-force|title=Inditex:Agile Fashion Force|publisher=Business of Fashion|date=30 March 2015|first1=Kate |last1=Abnett |first2=Imran |last2=Amed|access-date=20 April 2016}}</ref> The company's flagship store is [[Zara (retailer)|Zara]], but it also owns the chains [[Zara Home]], [[Massimo Dutti]], [[Bershka]], [[Oysho]], [[Pull and Bear]], [[Stradivarius (Inditex)|Stradivarius]] and [[Uterqüe]]. The majority of its stores are corporate-owned, while [[Franchising|franchise]]s are mainly conceded in countries where corporate properties can not be foreign-owned.<ref name=fund />
The company operates a unique business model: instead of committing a large percentage of production for the next fashion season, the company commits a small amount and uses customer feedback and an efficient production network to replenish stores with new and different products weekly.<ref name =bof /> New styles are prototyped in just 5 days and 60% of the manufacturing happens locally to shorten lead-times.<ref>{{Citation|last=Fashion Business Education|title=The Zara Way: How Inditex beats the competition (Business model)|date=2017-01-04|url=https://www.youtube.com/watch?v=YSF8WH_LQIM&feature=youtu.be|accessdate=2017-06-28}}</ref> In Zara stores, it can take a new garment as little as 15 days to go from design and production to store shelves.<ref name =npr>{{cite web|url=http://www.npr.org/2013/03/12/173461375/the-recluse-spanish-billionaire-behind-zaras-fast-fashion-empire|title=The Reclusive Spanish Billionaire Behind Zara's Fast Fashion Empire|publisher=NPR|first=Lauren|last=Frayer|date= 12 March 2013 |access-date=20 April 2016}}</ref>
==History==
===Early history===
In the early 1960s, Amancio Ortega got his start in the clothing industry as a teen while working for a local shirt maker in [[A Coruna]], Spain.{{fact|date=October 2016}} Ortega began developing his own designs and he and his wife, [[Rosalia Mera]], began making clothes from their home.<ref name= fund /><ref>{{cite web|url=https://www.bloomberg.com/news/articles/2013-08-16/rosalia-mera-retailer-who-was-spain-s-richest-woman-dies-at-69|title=Rosalia Mera, Who Was Spain's Richest Woman, Dies at 69|publisher=Bloomberg Business|date=15 August 2013|first=Manuel |last=Baigorri|access-date=20 April 2016}}</ref> Ortega had saved up enough money to open a small factory and sold garments to his former employer amongst others.<ref name= fund/>
In 1975, the couple opened their first store, Zara, which produced popular fashion at low prices.<ref name=fund /><ref name= npr /> The following year, Zara was incorporated and began opening more stores and factories in Spain.<ref name=fund /> Later that year, after Ortega noticed the growing importance of computers, a local professor, [[José María Castellano]], was hired to grow the company's computing power.<ref name=fund/><ref name=abb>{{cite web|url=http://www.ft.com/intl/cms/s/2/a7008958-f2f3-11e3-a3f8-00144feabdc0.html#slide0|title=Fashion:A Better Business Model|publisher=Financial Times |first=Tobias |last=Buck |date=18 June 2014|access-date=20 April 2016}}</ref>
===1980–2000===
In the 1980s the company implemented a new design and distribution method that drastically reduced the time between design, production, and arrival at retail sites.<ref name= oz>{{cite book|title=The Last Retail Evolution|first=Tolga |last=Ozkurt|publisher=Editrice Le Fonti |ISBN=978-88-6109-075-0 |url=https://books.google.com/books?id=cZreKquj8iQC&printsec=frontcover&dq=inauthor:%22Azkurt+Tolga%22&hl=en&sa=X&ved=0CCYQ6AEwAGoVChMI_sPZ3vb0yAIVRMhjCh0MMQlq#v=onepage&q&f=false|pages=47–49}}</ref> The system was designed by Castellano who became the CEO of the company in 1984. In 1985, Industria de Diseno Textil S.A. or Inditex was created as a holding company for Zara and its manufacturing plants.<ref>{{cite web|url=https://www.nytimes.com/2012/11/11/magazine/how-zara-grew-into-the-worlds-largest-fashion-retailer.html?_r=0|title=How Zara Grew Into the World's Largest Fashion Retailer|publisher=New York Times Magazine |date= 9 November 2012|first=Suzy |last=Hansen |access-date=8 April 2016}}</ref> In 1988, the company began expanding internationally with the opening a Zara store in [[Oporto]], [[Portugal]].<ref>{{cite web|url=http://news.bbc.co.uk/2/hi/business/1346473.stm|title=Spain's Retail Success Story|publisher=BBC News |first=Orla |last=Ryan |date=23 May 2001 |access-date=8 April 2016}}</ref> In 1990, the company owned footwear collection, Tempe, populated in the children's section of Zara stores.<ref>{{cite web|url=https://www.tempe.es/en/trayectoria-tempe|title=Company History|publisher=Tempe Groupo Inditex|access-date=8 April 2016}}</ref> In 1991, Inditex created the company Pull and Bear, a casual menswear company.<ref>{{cite web|url=http://www.pullandbear.com/mk/en/company-c57003.html?subsectionId=company_01_01|title=Company History|publisher=Pull and Bear|access-date=8 April 2016}}</ref><ref>{{cite web|url=https://www.fashionunited.co.uk/news/columns/pull-and-bear-first-uk-store-200806095691|title=Pull and Bear First UK Store|publisher=Fashion United|access-date=8 April 2016}}</ref> Later that year, the company also acquired a 65 percent share in the upscale Massimo Dutti brand. Inditex created Lefties in 1993; the name is taken from the term leftovers and it was created to sell old Zara clothing.<ref>{{cite web|url=http://fashion.telegraph.co.uk/columns/bibby-sowray/TMG10707831/Lefties-the-Zara-outlet-you-never-knew-about.html|archiveurl=https://web.archive.org/web/20150628161242/http://fashion.telegraph.co.uk/columns/bibby-sowray/TMG10707831/Lefties-the-Zara-outlet-you-never-knew-about.html|archivedate=2015-06-28|title=Lefties:The Zara Outlet You Never Knew About|publisher=The Telegraph|date=19 March 2014|first=Bibby |last=Sowray|accessdate=4 November 2015}}</ref> In 1995, Inditex purchased the remaining Massimo Dutti shares and began expanding the brand to include a women's line.<ref>{{cite web|url=https://www.inditex.com/documents/10279/18789/Grupo_INDITEX_evo_eng98.pdf/21dee54f-e098-4065-bc51-2544321a558d|title=Annual Report Massimo Dutti|publisher=Inditex|date=1998|access-date=8 April 2016}}</ref> In 1998, Inditex launched the Bershka brand that was aimed at urban hip fashion.<ref>{{cite web|url=https://www.inditex.com/brands/bershka|title=Bershka About|publisher=Inditex|access-date=8 April 2016}}</ref> The company bought the Stradivarius in 1999, a youthful female fashion brand.<ref name = fund>{{cite web|url=http://www.fundinguniverse.com/company-histories/industria-de-dise%C3%B1o-textil-s-a-history/|title=Industria de Diseno Textil S.A. History |publisher=Funding Universe|access-date=8 April 2016}}</ref>
===2001–present===
Inditex had its [[initial public offering]] in 2001, on the Bolsa de Madrid.<ref>{{cite web|url=https://www.wsj.com/articles/SB988496129402059841|title=Inditex Sets IPO Price Range Amid Strong Market Demand|publisher=The Wall Street Journal |first1=Carlta |last1=Vitzthum |first2=Silvia |last2=Ascarelli |date=29 April 2015| access-date=8 April 2016}}</ref> The IPO sold 26 percent of the company to public investors, the company was valued at US$8 billion (€9 billion at the time).<ref>{{cite web|url=https://www.forbes.com/global/2001/0528/024.html|title=Inside Zara|publisher=Forbes|first=Richard|last=Heller|date=28 May 2001|access-date=8 April 2016}}</ref> The same year, the company launched the [[lingerie]] and women's clothing store Oysho.<ref>{{cite web|url=https://fashionbi.com/brands/oysho/info|title=About Oysho|publisher=FashionBi|access-date=8 April 2016}}</ref><ref>{{cite web|url=https://www.forbes.com/sites/walterloeb/2015/03/30/zara-leads-in-fast-fashion/2/|title=Zara Leads in Fast Fashion|publisher=Forbes|first=Walter|last=Loeb|date=30 March 2015|access-date=8 April 2016}}</ref>
In 2003, Inditex launched the Zara Home brand, which offers bedding, cutlery, glassware and other home decoration accessories.<ref>{{cite journal|url=http://www.thefreelibrary.com/SPANISH+CLOTHING+MANUFACTURER+INDITEX+ENTERS+NEW+TERRITORY+WITH+ZARA...-a0103811233|journal=HFN The Weekly Newspaper |publisher= Home Furnishing Network|title=Spanish Clothing Manufacturer Inditex Enters New Territory With Zara Home|date=16 June 2003|first=Barbara |last=Barker|access-date=8 April 2016}}</ref> In 2004, with the opening of store number 2,000 in [[Hong Kong]], Inditex had established its presence in 56 countries.<ref name =elp>{{cite web|url=http://elpais.com/m/elpais/2012/08/14/inenglish/1344945273_865076.html|title=The Man Who Dresses the World|publisher=El Pais|first=Luis|last=Gomez|date=14 August 2012|access-date=8 April 2016}}</ref>
In 2005, CEO Jose Maria Castellano stepped down from the position to oversee expansion plans, he was replaced by current CEO [[Pablo Isla]].<ref name =cast>{{cite web|url= http://www.ft.com/intl/cms/s/0/8db00f16-2e29-11da-aa88-00000e2511c8.html#axzz3qSElNPN4|title=Castellano Steps Down From Inditex|publisher=Financial Times|first=Leslie |last=Crawford| date=26 September 2005|access-date=8 April 2016}}</ref> Inditex launched Uterque in the summer of 2008, the brand specializes in women's accessories.<ref>{{cite journal|url=http://www.thefreelibrary.com/H%26M+and+Inditex's+global+expansion+strategies.-a0213856442|title=Retail in Practice:H&M and Inditex's Global Expansion Strategies|publisher=The Retail Digest|date=22 September 2008|first=Raphael |last=Moreau}}</ref> During the same year, the company opened its 4,000th store in Tokyo after doubling in size within four years.<ref name=elp/> In 2011, Ortega, the founder of the business and majority shareholder, stepped down as deputy chairman and CEO Isla handles day-to-day operations.<ref name=elp/> Later that year, the company opened a store in [[Australia]], a move that would put the company on five continents and in 77 countries.<ref name=aus>{{cite web|url=http://theconversation.com/zaras-australian-entrance-to-challenge-local-retailers-272|title=Zara's Australian Entrance to Challenge Local Retailers|publisher=The Conversation|first=Lisa |last=Tartaglia |date=18 April 2011|access-date=8 April 2016}}</ref> After the [[2013 Savar building collapse]], Inditex was one of the thirty-eight companies who signed the [[Accord on Factory and Building Safety in Bangladesh]].<ref>{{cite web|url=https://www.theguardian.com/world/2013/may/13/fashion-chain-finance-safety-bangladesh-factories|title=Fashion Chains Sign Accord to Help Finance Safety in Bangladesh Factories|publisher=The Guardian|first1=Jason |last1=Burke |first2=Saad |last2=Hammadi |first3=Simon |last3=Neville|date=13 May 2013|access-date=8 April 2016}}</ref>
==International presence==
In 1989, a year after entering Portugal, the company entered the U.S. market<ref>{{cite web|url=https://www.forbes.com/2009/03/24/foreign-retailer-favorites-lifestyle-style-foreign-retailer.html|title=America's Favorite Foreign Retailers|publisher=Forbes|author=Lauren Sherman |date=March 24, 2015 |accessdate=April 14, 2016}}</ref> and expanded into the France in 1990.<ref name=fund/> Expansion continued to Mexico in 1992 and Greece in 1993. In 1994, Inditex opened stores in [[Belgium]] and [[Sweden]].<ref name = whar>{{cite web|url=http://knowledge.wharton.upenn.edu/article/fashion-chain-zara-reclaims-the-glory-of-spain/|title=Fashion Chain Zara Reclaims the Glory of Spain|publisher=Wharton University of Pennsylvania|date=April 24, 2003|accessdate=April 14, 2016}}</ref> By 1997, the company had expanded to [[Malta]], [[Cyprus]], [[Norway]] and [[Israel]].<ref name=oz/> In 1998, expansion continued to the [[UK]], [[Turkey]], [[Argentina]], [[Venezuela]], the Middle East and [[Japan]].<ref name= oz/> [[Canada]], [[Germany]], [[Poland]], [[Saudi Arabia]] and several South American countries received stores in 1999.<ref name= whar/><ref name=timel>{{cite web|url= http://www.inditex.com/our_group/our_history|title=Inditex: Our History|publisher=Inditex|accessdate=April 14, 2016}}</ref> In 2016, Inditex announced that they planned to open stores in [[Vietnam]], [[New Zealand]], [[Paraguay]], [[Aruba]] and [[Nicaragua]].<ref name =bbc2016/>
The company stores opened in [[Italy]], [[Luxembourg]], [[Puerto Rico]] and [[Jordan]] received stores in 2001. In 2003, Inditex continued its expansion to [[Russia]], [[Slovakia]], and [[Malaysia]].<ref name =timel/> The following year Latvia, Hungary, and Panama amongst other countries received stores, including the 2,000th store in Hong Kong.<ref name=timel/> By 2006, the company had expanded into continental China.<ref name=ind>{{cite web|url=https://www.forbes.com/2010/07/29/forbes-india-zara-business-model-tweak.html|title=Fast Fashion: Zara in India|publisher=Forbes|author=Saumya Roy|date=July 29, 2010|accessdate=April 14, 2016}}</ref>
In 2010, the company opened their 5,000th location in Rome<ref name=elp/> and its first in India.<ref name= ind/> The first stores in Australia and South Africa opened in 2011.<ref name =aus/> The company's expansion continued to the [[Republic of Macedonia]], [[Armenia]], [[Ecuador]], [[Georgia (country)]] and [[Bosnia-Herzegovina]] in 2012.<ref name =timel/><ref>{{cite web|url= http://www.retail-week.com/topics/international/inditex-to-open-stores-in-bosnia-and-herzegovina/5034017.article|title=Inditex to Open Stores in Bosnia and Herzegovina|publisher=RetailWeek |date=February 23, 2012 |accessdate=April 14, 2016}}</ref> In 2014, Inditex opened stores in [[Albania]].<ref>{{cite web|url=http://retailnet.eu/2014/04/03/71463-inditex-enters-albanian-market/|title=Inditex Enters the Albanian Market|publisher=Retail Net|author=Lukasz Izakowski |date= April 3, 2014|accessdate=April 14, 2016}}</ref>
==Online presence==
In 2007, Inditex launched the Zara Home online retail store.<ref>{{cite web|url=http://www.retailnews.asia/zara-home-to-launch-its-online-platform-in-australia/|title=Zara Home to Launch its Online Platform in Australia|publisher=Retail News Asia |date=July 12, 2015|accessdate=April 14, 2016}}</ref> Zara joined the [[e-commerce]] marketplace in September 2010, launching websites in Spain, the UK, Portugal, Italy, Germany and France.<ref>{{cite web|url=https://www.reuters.com/article/us-inditex-results-idUSKBN0ME11N20150318|title=Zara-Owner Inditex to Trim Investment After Strong Sales |publisher=Reuters|author=Sarah Morris |date=March 18, 2015 |accessdate=April 14, 2016}}</ref><ref>{{cite web|url=http://fashionista.com/2010/06/zara-will-finally-offer-e-commerce-but-not-for-us-customers|title=Zara Will Finally Offer E-Commerce, But Not to US Customers|publisher=Fashionista |author=Lauren Sherman |date=June 9, 2010 |accessdate=April 14, 2016}}</ref> In November 2010, Zara's online presence grew to include Austria, Ireland, the Netherlands, Belgium and Luxemborg.<ref>{{cite web|url=https://blogs.wsj.com/source/2010/09/22/zara-tries-a-fast-one-on-the-net/|title=Zara Tries a Fast One on the Net|publisher= Wall Street Journal|date=September 22, 2010|author=Christopher Bjork |accessdate=April 14, 2016}}</ref> In September 2011, Inditex brought Zara's e-commerce platform to the U.S.,<ref>{{cite web|url=https://www.internetretailer.com/2011/09/06/zara-launches-e-commerce-operations-us|title=Zara Launches E-Commerce Operations in the U.S.|publisher=Internet Retailer |date=September 6, 2011 |author=Allison Enright |access-date=April 14, 2016}}</ref> as well as adding the brands Pull and Bear, Massimo Dutti, Berska, Stadivarius, Oysho and Uterqüe to the e-commerce space.<ref>{{cite web|url= http://us.fashionmag.com/news/Inditex-repatriates-its-e-commerce-services,202121.html#.VsNIffkrKUk|title=Inditex Repartriates its E-commerce Services|publisher=Fashion Mag|date=September 18, 2011 |author=Olivier Guyot |accessdate=April 14, 2016}}</ref> As of February 2016, Inditex operates e-commerce sites in 28 markets and plans to add 12 more by April.<ref>{{cite web|url=http://www.bbc.com/news/business-31939274|title=Zara Owner Inditex Profits up 5%|publisher=BBC|date= 18 March 2015 |access-date=17 June 2016}}</ref><ref>{{cite web|url=http://us.fashionmag.com/news/Inditex-to-consolidate-its-e-commerce-business-in-2016,607247.html#.VsNLsPkrKUk|title=Inditex to Consolidate Its E-commerce Business in 2016|publisher=Fashion Mag|first=Triana |last=Alonso |date=14 December 2015 |access-date=17 June 2016 }}</ref><ref>{{cite web|url=http://www.inditex.com/en/media/news_article?articleId=195459|title=Inditex Launches New Online Stores in Denmark, Ireland, Italy, Luxembourg, Poland, Romania and Sweden Today|publisher=Inditex |date=4 February 2016|access-date=17 June 2016}}</ref>
==Brands==
Under the Inditex umbrella are several brands that offer a variety of products aimed at different markets.<ref>{{Cite web|url=http://www.inditex.com/en/our_group/international_presence|title=International presence - inditex.com|website=www.inditex.com|access-date=2016-07-16}}</ref>
{| class="wikitable sortable"
|-
!Company
!No. of shops<ref>{{cite web|url=http://www.inditex.com/es/our_group/international_presence |title=Presencia internacional |publisher=inditex.com |date=2016 |accessdate=8 April 2016}}</ref>
!Year of creation <ref>{{Cite web|url=http://www.inditex.com/en/our_group/our_history|title=Our History - inditex.com|website=www.inditex.com|access-date=21 February 2017}}</ref>
!Market
|-
|[[Zara (retailer)|Zara]]
|align="center"|2,232
|1975
|Fashion for men, women and children
|-
|[[Pull and Bear]]
|align="center"|982
|1991
|Casual laid-back clothing and accessories for the young
|-
|[[Massimo Dutti]]
|align="center"|769
|1991 (acquired)
|High-end clothing and accessories for cosmopolitan men and women
|-
|[[Bershka]]
|align="center"|1,096
|1998
|Blends urban styles and modern fashion for young women and men
|-
|[[Stradivarius (Inditex)|Stradivarius]]
|align="center"|1,015
|1999 (acquired)
|Casual and feminine clothes for young women
|-
|[[Oysho]]
|align="center"|646
|2001
|Lingerie, casual outerwear, loungewear and original accessories
|-
|[[Zara Home]]
|align="center"|563
|2003
|Home goods and decoration objects
|-
|[[Uterqüe]]
|align="center"|82
|2008
|High-quality fashion accessories at attractive prices
|-
|}
{{Gallery
|title=Inditex brands
|width=120 |height=100
|align=center
|File:Zara Bruselas 16.jpg
|Zara store in Brussels (Belgium)
|File:Pull&Bear China.jpg
|Pull&Bear store in Shanghai (China)
|File:Massimo Dutti París.jpg
|Massimo Dutti store in Paris (France)
|File:Bershka Taiwán.jpg
|Bershka store in Taiwan
|File:Stradivarius Grecia.jpg
|Stradivarius store in Greece
|File:Oysho Suecia.jpg
|Oysho store in Stockolm (Sweden)
|File:Uterqüe Valladolid.jpg
|Uterqüe store in Valladolid (Spain)
}}
==Corporate governance==
===Board of Directors===
'''Bold''' indicates a company shareholder and the representative will be listed below.
{| class= "wikitable sortable"
! Member
! Title(s)
! Member Since
! class= "unsortable"|Shares Held
! class= "unsortable"|Notes
|-
| [[Pablo Isla|Mr. Pablo Isla]]
| Chairman & CEO of Inditex <br /> Board Member of Telefónica, S.A.
| June 2005
| 1,805,302
| rowspan = "9" |<ref>https://www.inditex.com/our_group/board_members</ref>
|-
| Mr. Jose Arnau Sierra
| Deputy Chairman of Inditex <br> First Executive of Grupo Pontegadea <br> Director of GARTLER, S.L. <br> Member of the Board of Trustees of Fundacion Amancio Ortega Gaona
| June 2012
| 30,000
|-
| [[Amancio Ortega|Mr. Amancio Ortega]]
| Founder & Board Member of Inditex
| June 1985
| 1,848,000,315
|-
| '''Pontegadea Inversiones, S.L. ''' <br>Ms. Flora Perez Marcote
| Board Member of Inditex
| December 2015
| 1,558,637,990
|-
| [[Denise Kingsmill, Baroness Kingsmill|Baroness Kingsmill CBE]]
| Board Member of Inditex <br> Member of the supervisory board of EON <br> Non-executive director of International Airlines Group SA <br> Chairman of Mondo <br> Member of the International Advisory Board of the Spanish Business School (lESE)
| July 2016
|
|-
| Mr. Jose Luis Duran Schulz
| Board Member of Inditex <br> Independent Director & Member of the Audit Committee of [[Orange (company)|Orange]]
| July 2015
| 1,700
|-
| Mr. Rodrigo Echenique Gordillo
| Board Member of Inditex <br> Chairman of [[NH Hoteles]]
| July 2014
|
|-
| Mr. Carlos Espinosa de los Monteros Bernaldo de Quiros
| Board Member of Inditex <br> Chairman of Fraternidad-Muprespa <br> Board Member of [[Acciona|Acciona, S.A.]] <br> Board Member of [[Schindler Group|Schindler Espana]] <br> Board Member of [[Yell Group]]
| May 1997
| 150,000
|-
| Mr. Emilio Saracho Rodriguez de Torres
| Board Member of Inditex <br> Head of Investment Banking of [[JPMorgan Chase|JPMorgan Europe, Middle East, & Africa, Ltd.]] <br> Executive Committee Member of Investment Bank <br> Executive Committee Member of [[JPMorgan Chase]] <br> Deputy-CEO of EMEA
| June 2010
|
|}
== See also ==
* {{Portal-inline|Companies}}
==References==
{{Reflist|30em}}
==External links==
{{Commons category|INDITEX}}
* {{Official website|http://www.inditex.com}}
{{Inditex}}
{{Euro Stoxx 50 Companies}}
{{IBEX 35 companies}}
{{European Retail Round Table}}
{{Authority control}}
[[Category:Inditex| ]]
[[Category:Clothing companies of Spain]]
[[Category:Companies based in Galicia]]
[[Category:Companies established in 1985]]
[[Category:Companies in the Euro Stoxx 50]]
[[Category:Companies listed on the Madrid Stock Exchange]]
[[Category:Conglomerate companies of Spain]]
[[Category:IBEX-35]]
[[Category:Multinational companies headquartered in Spain]]
[[Category:2001 initial public offerings]]' |
New page wikitext, after the edit (new_wikitext ) | '{{Use dmy dates|date=February 2011}}
{{Infobox company
| name = Industria de Diseño Textil, S.A.
| logo = [[Image:Inditex.svg|250px]]
| type = [[S.A. (corporation)|Sociedad Anónima]]
| traded_as = {{BMAD|ES0148396007|ITX}}
|ISIN = ES0148396007
| predecessor = {{unbulleted list|Confecciones GOA, S.A.|GOASAM, S.A.}}
| founder = [[Amancio Ortega]]<br />[[Rosalía Mera]]
| area_served = Global
| key_people = [[Pablo Isla]] <small>([[Chairman]] and [[chief executive officer|CEO]])</small>
| industry = [[Retailing]]
| products = [[Clothing]] & [[Fashion]] retailer
| revenue = [[Euro|€]]20.900 billion (2015)<ref name="AR2015">{{cite web |url=https://www.inditex.com/en/investors/investors_relations/financial_data|title=Financial Data|format=pdf |access-date=16 March 2016|publisher=Inditex}}</ref>
| operating_income = €3.677 billion (2015)<ref name="AR2015" />
| net_income = €2.9 billion (2015)<ref name=bbc2016/>
| assets = €17.357 billion (2015)<ref name="AR2015" />
| equity = €11.451 billion (2015)<ref name="AR2015" />
| owner = [[Amancio Ortega]] (59%)
| num_employees = 152,854 (2015)<ref name =bbc2016>{{cite web|url=http://www.bbc.com/news/business-35761916|title=Zara Owner Inditex Sees Profits Jump as Sales Soar|publisher=BBC|date=9 March 2016 |access-date=16 March 2016}}</ref>
| subsid = [[Zara (clothing)|Zara]], [[Pull & Bear]], [[Bershka]], [[Massimo Dutti]], [[Stradivarius (Inditex)|Stradivarius]], [[Oysho]], [[Zara Home]], [[Uterqüe]]
| intl = Yes
| homepage = {{URL|http://www.inditex.com}}
| foundation = [[Arteixo]], [[Spain]]<br />({{Start date and age|1985|06|12}})
| location_city = [[Arteixo]]
| location_country = [[Spain]]
| locations = 7292 stores<ref name="AR2015" />
}}
'''Industria de Diseño Textil, S.A.''' ('''Inditex''') ({{IPAc-en|ˌ|ɪ|n|d|ɪ|ˈ|t|ɛ|k|s}}, {{IPA-es|indiˈteks|lang}}; Textile Design Industries) is a [[Spain|Spanish]] [[Multinational corporation|multinational]] clothing company headquartered in [[Arteixo]], [[Galicia (Spain)|Galicia]].<ref>{{cite web|url=https://www.theguardian.com/fashion/2013/dec/15/inditex-spain-global-fashion-powerhouse|title=Inditex: Spain's Fashion Powerhouse You've Probably Never Heard Of|publisher=The Guardian|first=Sarah |last=Butler|date=14 December 2013|access-date=20 April 2016}}</ref>
Inditex, the biggest fashion group in the world, operates over 7,200 stores in 93 markets worldwide.<ref>{{Cite web|url=http://www.inditex.com/en/our_group/international_presence|title=International presence - inditex.com|last=|first=|date=|website=www.inditex.com|archive-url=|archive-date=|dead-url=|access-date=2017-03-16}}</ref><ref name =bbc2016 /><ref name=bof>{{cite web|url=http://www.businessoffashion.com/articles/intelligence/inditex-agile-fashion-force|title=Inditex:Agile Fashion Force|publisher=Business of Fashion|date=30 March 2015|first1=Kate |last1=Abnett |first2=Imran |last2=Amed|access-date=20 April 2016}}</ref> The company's flagship store is [[Zara (retailer)|Zara]], but it also owns the chains [[Zara Home]], [[Massimo Dutti]], [[Bershka]], [[Oysho]], [[Pull and Bear]], [[Stradivarius (Inditex)|Stradivarius]] and [[Uterqüe]]. The majority of its stores are corporate-owned, while [[Franchising|franchise]]s are mainly conceded in countries where corporate properties can not be foreign-owned.<ref name=fund />
The company operates a unique business model: instead of committing a large percentage of production for the next fashion season, the company commits a small amount and uses customer feedback and an efficient production network to replenish stores with new and different products weekly.<ref name =bof /> New styles are prototyped in just 5 days and 60% of the manufacturing happens locally to shorten lead-times.<ref>{{Citation|last=Fashion Business Education|title=The Zara Way: How Inditex beats the competition (Business model)|date=2017-01-04|url=https://www.youtube.com/watch?v=YSF8WH_LQIM&feature=youtu.be|accessdate=2017-06-28}}</ref> In Zara stores, it can take a new garment as little as 15 days to go from design and production to store shelves.<ref name =npr>{{cite web|url=http://www.npr.org/2013/03/12/173461375/the-recluse-spanish-billionaire-behind-zaras-fast-fashion-empire|title=The Reclusive Spanish Billionaire Behind Zara's Fast Fashion Empire|publisher=NPR|first=Lauren|last=Frayer|date= 12 March 2013 |access-date=20 April 2016}}</ref>
==History==
===Early history===
In the early 1960s, Amancio Ortega got his start in the clothing industry as a teen while working for a local shirt maker in [[A Coruna]], Spain.{{fact|date=October 2016}} Ortega began developing his own designs and he and his wife, [[Rosalia Mera]], began making clothes from their home.<ref name= fund /><ref>{{cite web|url=https://www.bloomberg.com/news/articles/2013-08-16/rosalia-mera-retailer-who-was-spain-s-richest-woman-dies-at-69|title=Rosalia Mera, Who Was Spain's Richest Woman, Dies at 69|publisher=Bloomberg Business|date=15 August 2013|first=Manuel |last=Baigorri|access-date=20 April 2016}}</ref> Ortega had saved up enough money to open a small factory and sold garments to his former employer amongst others.<ref name= fund/>
In 1975, the couple opened their first store, Zara, which produced popular fashion at low prices.<ref name=fund /><ref name= npr /> The following year, Zara was incorporated and began opening more stores and factories in Spain.<ref name=fund /> Later that year, after Ortega noticed the growing importance of computers, a local professor, [[José María Castellano]], was hired to grow the company's computing power.<ref name=fund/><ref name=abb>{{cite web|url=http://www.ft.com/intl/cms/s/2/a7008958-f2f3-11e3-a3f8-00144feabdc0.html#slide0|title=Fashion:A Better Business Model|publisher=Financial Times |first=Tobias |last=Buck |date=18 June 2014|access-date=20 April 2016}}</ref>
===1980–2000===
In the 1980s the company implemented a new design and distribution method that drastically reduced the time between design, production, and arrival at retail sites.<ref name= oz>{{cite book|title=The Last Retail Evolution|first=Tolga |last=Ozkurt|publisher=Editrice Le Fonti |ISBN=978-88-6109-075-0 |url=https://books.google.com/books?id=cZreKquj8iQC&printsec=frontcover&dq=inauthor:%22Azkurt+Tolga%22&hl=en&sa=X&ved=0CCYQ6AEwAGoVChMI_sPZ3vb0yAIVRMhjCh0MMQlq#v=onepage&q&f=false|pages=47–49}}</ref> The system was designed by Castellano who became the CEO of the company in 1984. In 1985, Industria de Diseno Textil S.A. or Inditex was created as a holding company for Zara and its manufacturing plants.<ref>{{cite web|url=https://www.nytimes.com/2012/11/11/magazine/how-zara-grew-into-the-worlds-largest-fashion-retailer.html?_r=0|title=How Zara Grew Into the World's Largest Fashion Retailer|publisher=New York Times Magazine |date= 9 November 2012|first=Suzy |last=Hansen |access-date=8 April 2016}}</ref> In 1988, the company began expanding internationally with the opening a Zara store in [[Oporto]], [[Portugal]].<ref>{{cite web|url=http://news.bbc.co.uk/2/hi/business/1346473.stm|title=Spain's Retail Success Story|publisher=BBC News |first=Orla |last=Ryan |date=23 May 2001 |access-date=8 April 2016}}</ref> In 1990, the company owned footwear collection, Tempe, populated in the children's section of Zara stores.<ref>{{cite web|url=https://www.tempe.es/en/trayectoria-tempe|title=Company History|publisher=Tempe Groupo Inditex|access-date=8 April 2016}}</ref> In 1991, Inditex created the company Pull and Bear, a casual menswear company.<ref>{{cite web|url=http://www.pullandbear.com/mk/en/company-c57003.html?subsectionId=company_01_01|title=Company History|publisher=Pull and Bear|access-date=8 April 2016}}</ref><ref>{{cite web|url=https://www.fashionunited.co.uk/news/columns/pull-and-bear-first-uk-store-200806095691|title=Pull and Bear First UK Store|publisher=Fashion United|access-date=8 April 2016}}</ref> Later that year, the company also acquired a 65 percent share in the upscale Massimo Dutti brand. Inditex created Lefties in 1993; the name is taken from the term leftovers and it was created to sell old Zara clothing.<ref>{{cite web|url=http://fashion.telegraph.co.uk/columns/bibby-sowray/TMG10707831/Lefties-the-Zara-outlet-you-never-knew-about.html|archiveurl=https://web.archive.org/web/20150628161242/http://fashion.telegraph.co.uk/columns/bibby-sowray/TMG10707831/Lefties-the-Zara-outlet-you-never-knew-about.html|archivedate=2015-06-28|title=Lefties:The Zara Outlet You Never Knew About|publisher=The Telegraph|date=19 March 2014|first=Bibby |last=Sowray|accessdate=4 November 2015}}</ref> In 1995, Inditex purchased the remaining Massimo Dutti shares and began expanding the brand to include a women's line.<ref>{{cite web|url=https://www.inditex.com/documents/10279/18789/Grupo_INDITEX_evo_eng98.pdf/21dee54f-e098-4065-bc51-2544321a558d|title=Annual Report Massimo Dutti|publisher=Inditex|date=1998|access-date=8 April 2016}}</ref> In 1998, Inditex launched the Bershka brand that was aimed at urban hip fashion.<ref>{{cite web|url=https://www.inditex.com/brands/bershka|title=Bershka About|publisher=Inditex|access-date=8 April 2016}}</ref> The company bought the Stradivarius in 1999, a youthful female fashion brand.<ref name = fund>{{cite web|url=http://www.fundinguniverse.com/company-histories/industria-de-dise%C3%B1o-textil-s-a-history/|title=Industria de Diseno Textil S.A. History |publisher=Funding Universe|access-date=8 April 2016}}</ref>
===2001–present===
Inditex had its [[initial public offering]] in 2001, on the Bolsa de Madrid.<ref>{{cite web|url=https://www.wsj.com/articles/SB988496129402059841|title=Inditex Sets IPO Price Range Amid Strong Market Demand|publisher=The Wall Street Journal |first1=Carlta |last1=Vitzthum |first2=Silvia |last2=Ascarelli |date=29 April 2015| access-date=8 April 2016}}</ref> The IPO sold 26 percent of the company to public investors, the company was valued at US$8 billion (€9 billion at the time).<ref>{{cite web|url=https://www.forbes.com/global/2001/0528/024.html|title=Inside Zara|publisher=Forbes|first=Richard|last=Heller|date=28 May 2001|access-date=8 April 2016}}</ref> The same year, the company launched the [[lingerie]] and women's clothing store Oysho.<ref>{{cite web|url=https://fashionbi.com/brands/oysho/info|title=About Oysho|publisher=FashionBi|access-date=8 April 2016}}</ref><ref>{{cite web|url=https://www.forbes.com/sites/walterloeb/2015/03/30/zara-leads-in-fast-fashion/2/|title=Zara Leads in Fast Fashion|publisher=Forbes|first=Walter|last=Loeb|date=30 March 2015|access-date=8 April 2016}}</ref>
In 2003, Inditex launched the Zara Home brand, which offers bedding, cutlery, glassware and other home decoration accessories.<ref>{{cite journal|url=http://www.thefreelibrary.com/SPANISH+CLOTHING+MANUFACTURER+INDITEX+ENTERS+NEW+TERRITORY+WITH+ZARA...-a0103811233|journal=HFN The Weekly Newspaper |publisher= Home Furnishing Network|title=Spanish Clothing Manufacturer Inditex Enters New Territory With Zara Home|date=16 June 2003|first=Barbara |last=Barker|access-date=8 April 2016}}</ref> In 2004, with the opening of store number 2,000 in [[Hong Kong]], Inditex had established its presence in 56 countries.<ref name =elp>{{cite web|url=http://elpais.com/m/elpais/2012/08/14/inenglish/1344945273_865076.html|title=The Man Who Dresses the World|publisher=El Pais|first=Luis|last=Gomez|date=14 August 2012|access-date=8 April 2016}}</ref>
In 2005, CEO Jose Maria Castellano stepped down from the position to oversee expansion plans, he was replaced by current CEO [[Pablo Isla]].<ref name =cast>{{cite web|url= http://www.ft.com/intl/cms/s/0/8db00f16-2e29-11da-aa88-00000e2511c8.html#axzz3qSElNPN4|title=Castellano Steps Down From Inditex|publisher=Financial Times|first=Leslie |last=Crawford| date=26 September 2005|access-date=8 April 2016}}</ref> Inditex launched Uterque in the summer of 2008, the brand specializes in women's accessories.<ref>{{cite journal|url=http://www.thefreelibrary.com/H%26M+and+Inditex's+global+expansion+strategies.-a0213856442|title=Retail in Practice:H&M and Inditex's Global Expansion Strategies|publisher=The Retail Digest|date=22 September 2008|first=Raphael |last=Moreau}}</ref> During the same year, the company opened its 4,000th store in Tokyo after doubling in size within four years.<ref name=elp/> In 2011, Ortega, the founder of the business and majority shareholder, stepped down as deputy chairman and CEO Isla handles day-to-day operations.<ref name=elp/> Later that year, the company opened a store in [[Australia]], a move that would put the company on five continents and in 77 countries.<ref name=aus>{{cite web|url=http://theconversation.com/zaras-australian-entrance-to-challenge-local-retailers-272|title=Zara's Australian Entrance to Challenge Local Retailers|publisher=The Conversation|first=Lisa |last=Tartaglia |date=18 April 2011|access-date=8 April 2016}}</ref> After the [[2013 Savar building collapse]], Inditex was one of the thirty-eight companies who signed the [[Accord on Factory and Building Safety in Bangladesh]].<ref>{{cite web|url=https://www.theguardian.com/world/2013/may/13/fashion-chain-finance-safety-bangladesh-factories|title=Fashion Chains Sign Accord to Help Finance Safety in Bangladesh Factories|publisher=The Guardian|first1=Jason |last1=Burke |first2=Saad |last2=Hammadi |first3=Simon |last3=Neville|date=13 May 2013|access-date=8 April 2016}}</ref>
==International presence==
In 1989, a year after entering Portugal, the company entered the U.S. market<ref>{{cite web|url=https://www.forbes.com/2009/03/24/foreign-retailer-favorites-lifestyle-style-foreign-retailer.html|title=America's Favorite Foreign Retailers|publisher=Forbes|author=Lauren Sherman |date=March 24, 2015 |accessdate=April 14, 2016}}</ref> and expanded into the France in 1990.<ref name=fund/> Expansion continued to Mexico in 1992 and Greece in 1993. In 1994, Inditex opened stores in [[Belgium]] and [[Sweden]].<ref name = whar>{{cite web|url=http://knowledge.wharton.upenn.edu/article/fashion-chain-zara-reclaims-the-glory-of-spain/|title=Fashion Chain Zara Reclaims the Glory of Spain|publisher=Wharton University of Pennsylvania|date=April 24, 2003|accessdate=April 14, 2016}}</ref> By 1997, the company had expanded to [[Malta]], [[Cyprus]], [[Norway]] and [[Israel]].<ref name=oz/> In 1998, expansion continued to the [[UK]], [[Turkey]], [[Argentina]], [[Venezuela]], the Middle East and [[Japan]].<ref name= oz/> [[Canada]], [[Germany]], [[Poland]], [[Saudi Arabia]] and several South American countries received stores in 1999.<ref name= whar/><ref name=timel>{{cite web|url= http://www.inditex.com/our_group/our_history|title=Inditex: Our History|publisher=Inditex|accessdate=April 14, 2016}}</ref> In 2016, Inditex announced that they planned to open stores in [[Vietnam]], [[New Zealand]], [[Paraguay]], [[Aruba]] and [[Nicaragua]].<ref name =bbc2016/>
The company stores opened in [[Italy]], [[Luxembourg]], [[Puerto Rico]] and [[Jordan]] received stores in 2001. In 2003, Inditex continued its expansion to [[Russia]], [[Slovakia]], and [[Malaysia]].<ref name =timel/> The following year Latvia, Hungary, and Panama amongst other countries received stores, including the 2,000th store in Hong Kong.<ref name=timel/> By 2006, the company had expanded into continental China.<ref name=ind>{{cite web|url=https://www.forbes.com/2010/07/29/forbes-india-zara-business-model-tweak.html|title=Fast Fashion: Zara in India|publisher=Forbes|author=Saumya Roy|date=July 29, 2010|accessdate=April 14, 2016}}</ref>
In 2010, the company opened their 5,000th location in Rome<ref name=elp/> and its first in India.<ref name= ind/> The first stores in Australia and South Africa opened in 2011.<ref name =aus/> The company's expansion continued to the [[Republic of Macedonia]], [[Armenia]], [[Ecuador]], [[Georgia (country)]] and [[Bosnia-Herzegovina]] in 2012.<ref name =timel/><ref>{{cite web|url= http://www.retail-week.com/topics/international/inditex-to-open-stores-in-bosnia-and-herzegovina/5034017.article|title=Inditex to Open Stores in Bosnia and Herzegovina|publisher=RetailWeek |date=February 23, 2012 |accessdate=April 14, 2016}}</ref> In 2014, Inditex opened stores in [[Albania]].<ref>{{cite web|url=http://retailnet.eu/2014/04/03/71463-inditex-enters-albanian-market/|title=Inditex Enters the Albanian Market|publisher=Retail Net|author=Lukasz Izakowski |date= April 3, 2014|accessdate=April 14, 2016}}</ref>
==Online presence==
In 2007, Inditex launched the Zara Home online retail store.<ref>{{cite web|url=http://www.retailnews.asia/zara-home-to-launch-its-online-platform-in-australia/|title=Zara Home to Launch its Online Platform in Australia|publisher=Retail News Asia |date=July 12, 2015|accessdate=April 14, 2016}}</ref> Zara joined the [[e-commerce]] marketplace in September 2010, launching websites in Spain, the UK, Portugal, Italy, Germany and France.<ref>{{cite web|url=https://www.reuters.com/article/us-inditex-results-idUSKBN0ME11N20150318|title=Zara-Owner Inditex to Trim Investment After Strong Sales |publisher=Reuters|author=Sarah Morris |date=March 18, 2015 |accessdate=April 14, 2016}}</ref><ref>{{cite web|url=http://fashionista.com/2010/06/zara-will-finally-offer-e-commerce-but-not-for-us-customers|title=Zara Will Finally Offer E-Commerce, But Not to US Customers|publisher=Fashionista |author=Lauren Sherman |date=June 9, 2010 |accessdate=April 14, 2016}}</ref> In November 2010, Zara's online presence grew to include Austria, Ireland, the Netherlands, Belgium and Luxemborg.<ref>{{cite web|url=https://blogs.wsj.com/source/2010/09/22/zara-tries-a-fast-one-on-the-net/|title=Zara Tries a Fast One on the Net|publisher= Wall Street Journal|date=September 22, 2010|author=Christopher Bjork |accessdate=April 14, 2016}}</ref> In September 2011, Inditex brought Zara's e-commerce platform to the U.S.,<ref>{{cite web|url=https://www.internetretailer.com/2011/09/06/zara-launches-e-commerce-operations-us|title=Zara Launches E-Commerce Operations in the U.S.|publisher=Internet Retailer |date=September 6, 2011 |author=Allison Enright |access-date=April 14, 2016}}</ref> as well as adding the brands Pull and Bear, Massimo Dutti, Bershka, Stadivarius, Oysho and Uterqüe to the e-commerce space.<ref>{{cite web|url= http://us.fashionmag.com/news/Inditex-repatriates-its-e-commerce-services,202121.html#.VsNIffkrKUk|title=Inditex Repartriates its E-commerce Services|publisher=Fashion Mag|date=September 18, 2011 |author=Olivier Guyot |accessdate=April 14, 2016}}</ref> As of February 2016, Inditex operates e-commerce sites in 28 markets and plans to add 12 more by April.<ref>{{cite web|url=http://www.bbc.com/news/business-31939274|title=Zara Owner Inditex Profits up 5%|publisher=BBC|date= 18 March 2015 |access-date=17 June 2016}}</ref><ref>{{cite web|url=http://us.fashionmag.com/news/Inditex-to-consolidate-its-e-commerce-business-in-2016,607247.html#.VsNLsPkrKUk|title=Inditex to Consolidate Its E-commerce Business in 2016|publisher=Fashion Mag|first=Triana |last=Alonso |date=14 December 2015 |access-date=17 June 2016 }}</ref><ref>{{cite web|url=http://www.inditex.com/en/media/news_article?articleId=195459|title=Inditex Launches New Online Stores in Denmark, Ireland, Italy, Luxembourg, Poland, Romania and Sweden Today|publisher=Inditex |date=4 February 2016|access-date=17 June 2016}}</ref>
==Brands==
Under the Inditex umbrella are several brands that offer a variety of products aimed at different markets.<ref>{{Cite web|url=http://www.inditex.com/en/our_group/international_presence|title=International presence - inditex.com|website=www.inditex.com|access-date=2016-07-16}}</ref>
{| class="wikitable sortable"
|-
!Company
!No. of shops<ref>{{cite web|url=http://www.inditex.com/es/our_group/international_presence |title=Presencia internacional |publisher=inditex.com |date=2016 |accessdate=8 April 2016}}</ref>
!Year of creation <ref>{{Cite web|url=http://www.inditex.com/en/our_group/our_history|title=Our History - inditex.com|website=www.inditex.com|access-date=21 February 2017}}</ref>
!Market
|-
|[[Zara (retailer)|Zara]]
|align="center"|2,232
|1975
|Fashion for men, women and children
|-
|[[Pull and Bear]]
|align="center"|982
|1991
|Casual laid-back clothing and accessories for the young
|-
|[[Massimo Dutti]]
|align="center"|769
|1991 (acquired)
|High-end clothing and accessories for cosmopolitan men and women
|-
|[[Bershka]]
|align="center"|1,096
|1998
|Blends urban styles and modern fashion for young women and men
|-
|[[Stradivarius (Inditex)|Stradivarius]]
|align="center"|1,015
|1999 (acquired)
|Casual and feminine clothes for young women
|-
|[[Oysho]]
|align="center"|646
|2001
|Lingerie, casual outerwear, loungewear and original accessories
|-
|[[Zara Home]]
|align="center"|563
|2003
|Home goods and decoration objects
|-
|[[Uterqüe]]
|align="center"|82
|2008
|High-quality fashion accessories at attractive prices
|-
|}
{{Gallery
|title=Inditex brands
|width=120 |height=100
|align=center
|File:Zara Bruselas 16.jpg
|Zara store in Brussels (Belgium)
|File:Pull&Bear China.jpg
|Pull&Bear store in Shanghai (China)
|File:Massimo Dutti París.jpg
|Massimo Dutti store in Paris (France)
|File:Bershka Taiwán.jpg
|Bershka store in Taiwan
|File:Stradivarius Grecia.jpg
|Stradivarius store in Greece
|File:Oysho Suecia.jpg
|Oysho store in Stockolm (Sweden)
|File:Uterqüe Valladolid.jpg
|Uterqüe store in Valladolid (Spain)
}}
==Corporate governance==
===Board of Directors===
'''Bold''' indicates a company shareholder and the representative will be listed below.
{| class= "wikitable sortable"
! Member
! Title(s)
! Member Since
! class= "unsortable"|Shares Held
! class= "unsortable"|Notes
|-
| [[Pablo Isla|Mr. Pablo Isla]]
| Chairman & CEO of Inditex <br /> Board Member of Telefónica, S.A.
| June 2005
| 1,805,302
| rowspan = "9" |<ref>https://www.inditex.com/our_group/board_members</ref>
|-
| Mr. Jose Arnau Sierra
| Deputy Chairman of Inditex <br> First Executive of Grupo Pontegadea <br> Director of GARTLER, S.L. <br> Member of the Board of Trustees of Fundacion Amancio Ortega Gaona
| June 2012
| 30,000
|-
| [[Amancio Ortega|Mr. Amancio Ortega]]
| Founder & Board Member of Inditex
| June 1985
| 1,848,000,315
|-
| '''Pontegadea Inversiones, S.L. ''' <br>Ms. Flora Perez Marcote
| Board Member of Inditex
| December 2015
| 1,558,637,990
|-
| [[Denise Kingsmill, Baroness Kingsmill|Baroness Kingsmill CBE]]
| Board Member of Inditex <br> Member of the supervisory board of EON <br> Non-executive director of International Airlines Group SA <br> Chairman of Mondo <br> Member of the International Advisory Board of the Spanish Business School (lESE)
| July 2016
|
|-
| Mr. Jose Luis Duran Schulz
| Board Member of Inditex <br> Independent Director & Member of the Audit Committee of [[Orange (company)|Orange]]
| July 2015
| 1,700
|-
| Mr. Rodrigo Echenique Gordillo
| Board Member of Inditex <br> Chairman of [[NH Hoteles]]
| July 2014
|
|-
| Mr. Carlos Espinosa de los Monteros Bernaldo de Quiros
| Board Member of Inditex <br> Chairman of Fraternidad-Muprespa <br> Board Member of [[Acciona|Acciona, S.A.]] <br> Board Member of [[Schindler Group|Schindler Espana]] <br> Board Member of [[Yell Group]]
| May 1997
| 150,000
|-
| Mr. Emilio Saracho Rodriguez de Torres
| Board Member of Inditex <br> Head of Investment Banking of [[JPMorgan Chase|JPMorgan Europe, Middle East, & Africa, Ltd.]] <br> Executive Committee Member of Investment Bank <br> Executive Committee Member of [[JPMorgan Chase]] <br> Deputy-CEO of EMEA
| June 2010
|
|}
== See also ==
* {{Portal-inline|Companies}}
==References==
{{Reflist|30em}}
==External links==
{{Commons category|INDITEX}}
* {{Official website|http://www.inditex.com}}
{{Inditex}}
{{Euro Stoxx 50 Companies}}
{{IBEX 35 companies}}
{{European Retail Round Table}}
{{Authority control}}
[[Category:Inditex| ]]
[[Category:Clothing companies of Spain]]
[[Category:Companies based in Galicia]]
[[Category:Companies established in 1985]]
[[Category:Companies in the Euro Stoxx 50]]
[[Category:Companies listed on the Madrid Stock Exchange]]
[[Category:Conglomerate companies of Spain]]
[[Category:IBEX-35]]
[[Category:Multinational companies headquartered in Spain]]
[[Category:2001 initial public offerings]]' |
Unified diff of changes made by edit (edit_diff ) | '@@ -58,5 +58,5 @@
==Online presence==
-In 2007, Inditex launched the Zara Home online retail store.<ref>{{cite web|url=http://www.retailnews.asia/zara-home-to-launch-its-online-platform-in-australia/|title=Zara Home to Launch its Online Platform in Australia|publisher=Retail News Asia |date=July 12, 2015|accessdate=April 14, 2016}}</ref> Zara joined the [[e-commerce]] marketplace in September 2010, launching websites in Spain, the UK, Portugal, Italy, Germany and France.<ref>{{cite web|url=https://www.reuters.com/article/us-inditex-results-idUSKBN0ME11N20150318|title=Zara-Owner Inditex to Trim Investment After Strong Sales |publisher=Reuters|author=Sarah Morris |date=March 18, 2015 |accessdate=April 14, 2016}}</ref><ref>{{cite web|url=http://fashionista.com/2010/06/zara-will-finally-offer-e-commerce-but-not-for-us-customers|title=Zara Will Finally Offer E-Commerce, But Not to US Customers|publisher=Fashionista |author=Lauren Sherman |date=June 9, 2010 |accessdate=April 14, 2016}}</ref> In November 2010, Zara's online presence grew to include Austria, Ireland, the Netherlands, Belgium and Luxemborg.<ref>{{cite web|url=https://blogs.wsj.com/source/2010/09/22/zara-tries-a-fast-one-on-the-net/|title=Zara Tries a Fast One on the Net|publisher= Wall Street Journal|date=September 22, 2010|author=Christopher Bjork |accessdate=April 14, 2016}}</ref> In September 2011, Inditex brought Zara's e-commerce platform to the U.S.,<ref>{{cite web|url=https://www.internetretailer.com/2011/09/06/zara-launches-e-commerce-operations-us|title=Zara Launches E-Commerce Operations in the U.S.|publisher=Internet Retailer |date=September 6, 2011 |author=Allison Enright |access-date=April 14, 2016}}</ref> as well as adding the brands Pull and Bear, Massimo Dutti, Berska, Stadivarius, Oysho and Uterqüe to the e-commerce space.<ref>{{cite web|url= http://us.fashionmag.com/news/Inditex-repatriates-its-e-commerce-services,202121.html#.VsNIffkrKUk|title=Inditex Repartriates its E-commerce Services|publisher=Fashion Mag|date=September 18, 2011 |author=Olivier Guyot |accessdate=April 14, 2016}}</ref> As of February 2016, Inditex operates e-commerce sites in 28 markets and plans to add 12 more by April.<ref>{{cite web|url=http://www.bbc.com/news/business-31939274|title=Zara Owner Inditex Profits up 5%|publisher=BBC|date= 18 March 2015 |access-date=17 June 2016}}</ref><ref>{{cite web|url=http://us.fashionmag.com/news/Inditex-to-consolidate-its-e-commerce-business-in-2016,607247.html#.VsNLsPkrKUk|title=Inditex to Consolidate Its E-commerce Business in 2016|publisher=Fashion Mag|first=Triana |last=Alonso |date=14 December 2015 |access-date=17 June 2016 }}</ref><ref>{{cite web|url=http://www.inditex.com/en/media/news_article?articleId=195459|title=Inditex Launches New Online Stores in Denmark, Ireland, Italy, Luxembourg, Poland, Romania and Sweden Today|publisher=Inditex |date=4 February 2016|access-date=17 June 2016}}</ref>
+In 2007, Inditex launched the Zara Home online retail store.<ref>{{cite web|url=http://www.retailnews.asia/zara-home-to-launch-its-online-platform-in-australia/|title=Zara Home to Launch its Online Platform in Australia|publisher=Retail News Asia |date=July 12, 2015|accessdate=April 14, 2016}}</ref> Zara joined the [[e-commerce]] marketplace in September 2010, launching websites in Spain, the UK, Portugal, Italy, Germany and France.<ref>{{cite web|url=https://www.reuters.com/article/us-inditex-results-idUSKBN0ME11N20150318|title=Zara-Owner Inditex to Trim Investment After Strong Sales |publisher=Reuters|author=Sarah Morris |date=March 18, 2015 |accessdate=April 14, 2016}}</ref><ref>{{cite web|url=http://fashionista.com/2010/06/zara-will-finally-offer-e-commerce-but-not-for-us-customers|title=Zara Will Finally Offer E-Commerce, But Not to US Customers|publisher=Fashionista |author=Lauren Sherman |date=June 9, 2010 |accessdate=April 14, 2016}}</ref> In November 2010, Zara's online presence grew to include Austria, Ireland, the Netherlands, Belgium and Luxemborg.<ref>{{cite web|url=https://blogs.wsj.com/source/2010/09/22/zara-tries-a-fast-one-on-the-net/|title=Zara Tries a Fast One on the Net|publisher= Wall Street Journal|date=September 22, 2010|author=Christopher Bjork |accessdate=April 14, 2016}}</ref> In September 2011, Inditex brought Zara's e-commerce platform to the U.S.,<ref>{{cite web|url=https://www.internetretailer.com/2011/09/06/zara-launches-e-commerce-operations-us|title=Zara Launches E-Commerce Operations in the U.S.|publisher=Internet Retailer |date=September 6, 2011 |author=Allison Enright |access-date=April 14, 2016}}</ref> as well as adding the brands Pull and Bear, Massimo Dutti, Bershka, Stadivarius, Oysho and Uterqüe to the e-commerce space.<ref>{{cite web|url= http://us.fashionmag.com/news/Inditex-repatriates-its-e-commerce-services,202121.html#.VsNIffkrKUk|title=Inditex Repartriates its E-commerce Services|publisher=Fashion Mag|date=September 18, 2011 |author=Olivier Guyot |accessdate=April 14, 2016}}</ref> As of February 2016, Inditex operates e-commerce sites in 28 markets and plans to add 12 more by April.<ref>{{cite web|url=http://www.bbc.com/news/business-31939274|title=Zara Owner Inditex Profits up 5%|publisher=BBC|date= 18 March 2015 |access-date=17 June 2016}}</ref><ref>{{cite web|url=http://us.fashionmag.com/news/Inditex-to-consolidate-its-e-commerce-business-in-2016,607247.html#.VsNLsPkrKUk|title=Inditex to Consolidate Its E-commerce Business in 2016|publisher=Fashion Mag|first=Triana |last=Alonso |date=14 December 2015 |access-date=17 June 2016 }}</ref><ref>{{cite web|url=http://www.inditex.com/en/media/news_article?articleId=195459|title=Inditex Launches New Online Stores in Denmark, Ireland, Italy, Luxembourg, Poland, Romania and Sweden Today|publisher=Inditex |date=4 February 2016|access-date=17 June 2016}}</ref>
==Brands==
' |
New page size (new_size ) | 24478 |
Old page size (old_size ) | 24477 |
Size change in edit (edit_delta ) | 1 |
Lines added in edit (added_lines ) | [
0 => 'In 2007, Inditex launched the Zara Home online retail store.<ref>{{cite web|url=http://www.retailnews.asia/zara-home-to-launch-its-online-platform-in-australia/|title=Zara Home to Launch its Online Platform in Australia|publisher=Retail News Asia |date=July 12, 2015|accessdate=April 14, 2016}}</ref> Zara joined the [[e-commerce]] marketplace in September 2010, launching websites in Spain, the UK, Portugal, Italy, Germany and France.<ref>{{cite web|url=https://www.reuters.com/article/us-inditex-results-idUSKBN0ME11N20150318|title=Zara-Owner Inditex to Trim Investment After Strong Sales |publisher=Reuters|author=Sarah Morris |date=March 18, 2015 |accessdate=April 14, 2016}}</ref><ref>{{cite web|url=http://fashionista.com/2010/06/zara-will-finally-offer-e-commerce-but-not-for-us-customers|title=Zara Will Finally Offer E-Commerce, But Not to US Customers|publisher=Fashionista |author=Lauren Sherman |date=June 9, 2010 |accessdate=April 14, 2016}}</ref> In November 2010, Zara's online presence grew to include Austria, Ireland, the Netherlands, Belgium and Luxemborg.<ref>{{cite web|url=https://blogs.wsj.com/source/2010/09/22/zara-tries-a-fast-one-on-the-net/|title=Zara Tries a Fast One on the Net|publisher= Wall Street Journal|date=September 22, 2010|author=Christopher Bjork |accessdate=April 14, 2016}}</ref> In September 2011, Inditex brought Zara's e-commerce platform to the U.S.,<ref>{{cite web|url=https://www.internetretailer.com/2011/09/06/zara-launches-e-commerce-operations-us|title=Zara Launches E-Commerce Operations in the U.S.|publisher=Internet Retailer |date=September 6, 2011 |author=Allison Enright |access-date=April 14, 2016}}</ref> as well as adding the brands Pull and Bear, Massimo Dutti, Bershka, Stadivarius, Oysho and Uterqüe to the e-commerce space.<ref>{{cite web|url= http://us.fashionmag.com/news/Inditex-repatriates-its-e-commerce-services,202121.html#.VsNIffkrKUk|title=Inditex Repartriates its E-commerce Services|publisher=Fashion Mag|date=September 18, 2011 |author=Olivier Guyot |accessdate=April 14, 2016}}</ref> As of February 2016, Inditex operates e-commerce sites in 28 markets and plans to add 12 more by April.<ref>{{cite web|url=http://www.bbc.com/news/business-31939274|title=Zara Owner Inditex Profits up 5%|publisher=BBC|date= 18 March 2015 |access-date=17 June 2016}}</ref><ref>{{cite web|url=http://us.fashionmag.com/news/Inditex-to-consolidate-its-e-commerce-business-in-2016,607247.html#.VsNLsPkrKUk|title=Inditex to Consolidate Its E-commerce Business in 2016|publisher=Fashion Mag|first=Triana |last=Alonso |date=14 December 2015 |access-date=17 June 2016 }}</ref><ref>{{cite web|url=http://www.inditex.com/en/media/news_article?articleId=195459|title=Inditex Launches New Online Stores in Denmark, Ireland, Italy, Luxembourg, Poland, Romania and Sweden Today|publisher=Inditex |date=4 February 2016|access-date=17 June 2016}}</ref>'
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Lines removed in edit (removed_lines ) | [
0 => 'In 2007, Inditex launched the Zara Home online retail store.<ref>{{cite web|url=http://www.retailnews.asia/zara-home-to-launch-its-online-platform-in-australia/|title=Zara Home to Launch its Online Platform in Australia|publisher=Retail News Asia |date=July 12, 2015|accessdate=April 14, 2016}}</ref> Zara joined the [[e-commerce]] marketplace in September 2010, launching websites in Spain, the UK, Portugal, Italy, Germany and France.<ref>{{cite web|url=https://www.reuters.com/article/us-inditex-results-idUSKBN0ME11N20150318|title=Zara-Owner Inditex to Trim Investment After Strong Sales |publisher=Reuters|author=Sarah Morris |date=March 18, 2015 |accessdate=April 14, 2016}}</ref><ref>{{cite web|url=http://fashionista.com/2010/06/zara-will-finally-offer-e-commerce-but-not-for-us-customers|title=Zara Will Finally Offer E-Commerce, But Not to US Customers|publisher=Fashionista |author=Lauren Sherman |date=June 9, 2010 |accessdate=April 14, 2016}}</ref> In November 2010, Zara's online presence grew to include Austria, Ireland, the Netherlands, Belgium and Luxemborg.<ref>{{cite web|url=https://blogs.wsj.com/source/2010/09/22/zara-tries-a-fast-one-on-the-net/|title=Zara Tries a Fast One on the Net|publisher= Wall Street Journal|date=September 22, 2010|author=Christopher Bjork |accessdate=April 14, 2016}}</ref> In September 2011, Inditex brought Zara's e-commerce platform to the U.S.,<ref>{{cite web|url=https://www.internetretailer.com/2011/09/06/zara-launches-e-commerce-operations-us|title=Zara Launches E-Commerce Operations in the U.S.|publisher=Internet Retailer |date=September 6, 2011 |author=Allison Enright |access-date=April 14, 2016}}</ref> as well as adding the brands Pull and Bear, Massimo Dutti, Berska, Stadivarius, Oysho and Uterqüe to the e-commerce space.<ref>{{cite web|url= http://us.fashionmag.com/news/Inditex-repatriates-its-e-commerce-services,202121.html#.VsNIffkrKUk|title=Inditex Repartriates its E-commerce Services|publisher=Fashion Mag|date=September 18, 2011 |author=Olivier Guyot |accessdate=April 14, 2016}}</ref> As of February 2016, Inditex operates e-commerce sites in 28 markets and plans to add 12 more by April.<ref>{{cite web|url=http://www.bbc.com/news/business-31939274|title=Zara Owner Inditex Profits up 5%|publisher=BBC|date= 18 March 2015 |access-date=17 June 2016}}</ref><ref>{{cite web|url=http://us.fashionmag.com/news/Inditex-to-consolidate-its-e-commerce-business-in-2016,607247.html#.VsNLsPkrKUk|title=Inditex to Consolidate Its E-commerce Business in 2016|publisher=Fashion Mag|first=Triana |last=Alonso |date=14 December 2015 |access-date=17 June 2016 }}</ref><ref>{{cite web|url=http://www.inditex.com/en/media/news_article?articleId=195459|title=Inditex Launches New Online Stores in Denmark, Ireland, Italy, Luxembourg, Poland, Romania and Sweden Today|publisher=Inditex |date=4 February 2016|access-date=17 June 2016}}</ref>'
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44 => 'https://www.forbes.com/sites/walterloeb/2015/03/30/zara-leads-in-fast-fashion/2/',
45 => 'https://www.inditex.com/brands/bershka',
46 => 'https://www.inditex.com/documents/10279/18789/Grupo_INDITEX_evo_eng98.pdf/21dee54f-e098-4065-bc51-2544321a558d',
47 => 'https://www.inditex.com/en/investors/investors_relations/financial_data',
48 => 'https://www.inditex.com/our_group/board_members',
49 => 'https://www.internetretailer.com/2011/09/06/zara-launches-e-commerce-operations-us',
50 => 'https://www.nytimes.com/2012/11/11/magazine/how-zara-grew-into-the-worlds-largest-fashion-retailer.html?_r=0',
51 => 'https://www.reuters.com/article/us-inditex-results-idUSKBN0ME11N20150318',
52 => 'https://www.tempe.es/en/trayectoria-tempe',
53 => 'https://www.theguardian.com/fashion/2013/dec/15/inditex-spain-global-fashion-powerhouse',
54 => 'https://www.theguardian.com/world/2013/may/13/fashion-chain-finance-safety-bangladesh-factories',
55 => 'https://www.wsj.com/articles/SB988496129402059841',
56 => 'https://www.youtube.com/watch?v=YSF8WH_LQIM&feature=youtu.be'
] |
New page wikitext, pre-save transformed (new_pst ) | '{{Use dmy dates|date=February 2011}}
{{Infobox company
| name = Industria de Diseño Textil, S.A.
| logo = [[Image:Inditex.svg|250px]]
| type = [[S.A. (corporation)|Sociedad Anónima]]
| traded_as = {{BMAD|ES0148396007|ITX}}
|ISIN = ES0148396007
| predecessor = {{unbulleted list|Confecciones GOA, S.A.|GOASAM, S.A.}}
| founder = [[Amancio Ortega]]<br />[[Rosalía Mera]]
| area_served = Global
| key_people = [[Pablo Isla]] <small>([[Chairman]] and [[chief executive officer|CEO]])</small>
| industry = [[Retailing]]
| products = [[Clothing]] & [[Fashion]] retailer
| revenue = [[Euro|€]]20.900 billion (2015)<ref name="AR2015">{{cite web |url=https://www.inditex.com/en/investors/investors_relations/financial_data|title=Financial Data|format=pdf |access-date=16 March 2016|publisher=Inditex}}</ref>
| operating_income = €3.677 billion (2015)<ref name="AR2015" />
| net_income = €2.9 billion (2015)<ref name=bbc2016/>
| assets = €17.357 billion (2015)<ref name="AR2015" />
| equity = €11.451 billion (2015)<ref name="AR2015" />
| owner = [[Amancio Ortega]] (59%)
| num_employees = 152,854 (2015)<ref name =bbc2016>{{cite web|url=http://www.bbc.com/news/business-35761916|title=Zara Owner Inditex Sees Profits Jump as Sales Soar|publisher=BBC|date=9 March 2016 |access-date=16 March 2016}}</ref>
| subsid = [[Zara (clothing)|Zara]], [[Pull & Bear]], [[Bershka]], [[Massimo Dutti]], [[Stradivarius (Inditex)|Stradivarius]], [[Oysho]], [[Zara Home]], [[Uterqüe]]
| intl = Yes
| homepage = {{URL|http://www.inditex.com}}
| foundation = [[Arteixo]], [[Spain]]<br />({{Start date and age|1985|06|12}})
| location_city = [[Arteixo]]
| location_country = [[Spain]]
| locations = 7292 stores<ref name="AR2015" />
}}
'''Industria de Diseño Textil, S.A.''' ('''Inditex''') ({{IPAc-en|ˌ|ɪ|n|d|ɪ|ˈ|t|ɛ|k|s}}, {{IPA-es|indiˈteks|lang}}; Textile Design Industries) is a [[Spain|Spanish]] [[Multinational corporation|multinational]] clothing company headquartered in [[Arteixo]], [[Galicia (Spain)|Galicia]].<ref>{{cite web|url=https://www.theguardian.com/fashion/2013/dec/15/inditex-spain-global-fashion-powerhouse|title=Inditex: Spain's Fashion Powerhouse You've Probably Never Heard Of|publisher=The Guardian|first=Sarah |last=Butler|date=14 December 2013|access-date=20 April 2016}}</ref>
Inditex, the biggest fashion group in the world, operates over 7,200 stores in 93 markets worldwide.<ref>{{Cite web|url=http://www.inditex.com/en/our_group/international_presence|title=International presence - inditex.com|last=|first=|date=|website=www.inditex.com|archive-url=|archive-date=|dead-url=|access-date=2017-03-16}}</ref><ref name =bbc2016 /><ref name=bof>{{cite web|url=http://www.businessoffashion.com/articles/intelligence/inditex-agile-fashion-force|title=Inditex:Agile Fashion Force|publisher=Business of Fashion|date=30 March 2015|first1=Kate |last1=Abnett |first2=Imran |last2=Amed|access-date=20 April 2016}}</ref> The company's flagship store is [[Zara (retailer)|Zara]], but it also owns the chains [[Zara Home]], [[Massimo Dutti]], [[Bershka]], [[Oysho]], [[Pull and Bear]], [[Stradivarius (Inditex)|Stradivarius]] and [[Uterqüe]]. The majority of its stores are corporate-owned, while [[Franchising|franchise]]s are mainly conceded in countries where corporate properties can not be foreign-owned.<ref name=fund />
The company operates a unique business model: instead of committing a large percentage of production for the next fashion season, the company commits a small amount and uses customer feedback and an efficient production network to replenish stores with new and different products weekly.<ref name =bof /> New styles are prototyped in just 5 days and 60% of the manufacturing happens locally to shorten lead-times.<ref>{{Citation|last=Fashion Business Education|title=The Zara Way: How Inditex beats the competition (Business model)|date=2017-01-04|url=https://www.youtube.com/watch?v=YSF8WH_LQIM&feature=youtu.be|accessdate=2017-06-28}}</ref> In Zara stores, it can take a new garment as little as 15 days to go from design and production to store shelves.<ref name =npr>{{cite web|url=http://www.npr.org/2013/03/12/173461375/the-recluse-spanish-billionaire-behind-zaras-fast-fashion-empire|title=The Reclusive Spanish Billionaire Behind Zara's Fast Fashion Empire|publisher=NPR|first=Lauren|last=Frayer|date= 12 March 2013 |access-date=20 April 2016}}</ref>
==History==
===Early history===
In the early 1960s, Amancio Ortega got his start in the clothing industry as a teen while working for a local shirt maker in [[A Coruna]], Spain.{{fact|date=October 2016}} Ortega began developing his own designs and he and his wife, [[Rosalia Mera]], began making clothes from their home.<ref name= fund /><ref>{{cite web|url=https://www.bloomberg.com/news/articles/2013-08-16/rosalia-mera-retailer-who-was-spain-s-richest-woman-dies-at-69|title=Rosalia Mera, Who Was Spain's Richest Woman, Dies at 69|publisher=Bloomberg Business|date=15 August 2013|first=Manuel |last=Baigorri|access-date=20 April 2016}}</ref> Ortega had saved up enough money to open a small factory and sold garments to his former employer amongst others.<ref name= fund/>
In 1975, the couple opened their first store, Zara, which produced popular fashion at low prices.<ref name=fund /><ref name= npr /> The following year, Zara was incorporated and began opening more stores and factories in Spain.<ref name=fund /> Later that year, after Ortega noticed the growing importance of computers, a local professor, [[José María Castellano]], was hired to grow the company's computing power.<ref name=fund/><ref name=abb>{{cite web|url=http://www.ft.com/intl/cms/s/2/a7008958-f2f3-11e3-a3f8-00144feabdc0.html#slide0|title=Fashion:A Better Business Model|publisher=Financial Times |first=Tobias |last=Buck |date=18 June 2014|access-date=20 April 2016}}</ref>
===1980–2000===
In the 1980s the company implemented a new design and distribution method that drastically reduced the time between design, production, and arrival at retail sites.<ref name= oz>{{cite book|title=The Last Retail Evolution|first=Tolga |last=Ozkurt|publisher=Editrice Le Fonti |ISBN=978-88-6109-075-0 |url=https://books.google.com/books?id=cZreKquj8iQC&printsec=frontcover&dq=inauthor:%22Azkurt+Tolga%22&hl=en&sa=X&ved=0CCYQ6AEwAGoVChMI_sPZ3vb0yAIVRMhjCh0MMQlq#v=onepage&q&f=false|pages=47–49}}</ref> The system was designed by Castellano who became the CEO of the company in 1984. In 1985, Industria de Diseno Textil S.A. or Inditex was created as a holding company for Zara and its manufacturing plants.<ref>{{cite web|url=https://www.nytimes.com/2012/11/11/magazine/how-zara-grew-into-the-worlds-largest-fashion-retailer.html?_r=0|title=How Zara Grew Into the World's Largest Fashion Retailer|publisher=New York Times Magazine |date= 9 November 2012|first=Suzy |last=Hansen |access-date=8 April 2016}}</ref> In 1988, the company began expanding internationally with the opening a Zara store in [[Oporto]], [[Portugal]].<ref>{{cite web|url=http://news.bbc.co.uk/2/hi/business/1346473.stm|title=Spain's Retail Success Story|publisher=BBC News |first=Orla |last=Ryan |date=23 May 2001 |access-date=8 April 2016}}</ref> In 1990, the company owned footwear collection, Tempe, populated in the children's section of Zara stores.<ref>{{cite web|url=https://www.tempe.es/en/trayectoria-tempe|title=Company History|publisher=Tempe Groupo Inditex|access-date=8 April 2016}}</ref> In 1991, Inditex created the company Pull and Bear, a casual menswear company.<ref>{{cite web|url=http://www.pullandbear.com/mk/en/company-c57003.html?subsectionId=company_01_01|title=Company History|publisher=Pull and Bear|access-date=8 April 2016}}</ref><ref>{{cite web|url=https://www.fashionunited.co.uk/news/columns/pull-and-bear-first-uk-store-200806095691|title=Pull and Bear First UK Store|publisher=Fashion United|access-date=8 April 2016}}</ref> Later that year, the company also acquired a 65 percent share in the upscale Massimo Dutti brand. Inditex created Lefties in 1993; the name is taken from the term leftovers and it was created to sell old Zara clothing.<ref>{{cite web|url=http://fashion.telegraph.co.uk/columns/bibby-sowray/TMG10707831/Lefties-the-Zara-outlet-you-never-knew-about.html|archiveurl=https://web.archive.org/web/20150628161242/http://fashion.telegraph.co.uk/columns/bibby-sowray/TMG10707831/Lefties-the-Zara-outlet-you-never-knew-about.html|archivedate=2015-06-28|title=Lefties:The Zara Outlet You Never Knew About|publisher=The Telegraph|date=19 March 2014|first=Bibby |last=Sowray|accessdate=4 November 2015}}</ref> In 1995, Inditex purchased the remaining Massimo Dutti shares and began expanding the brand to include a women's line.<ref>{{cite web|url=https://www.inditex.com/documents/10279/18789/Grupo_INDITEX_evo_eng98.pdf/21dee54f-e098-4065-bc51-2544321a558d|title=Annual Report Massimo Dutti|publisher=Inditex|date=1998|access-date=8 April 2016}}</ref> In 1998, Inditex launched the Bershka brand that was aimed at urban hip fashion.<ref>{{cite web|url=https://www.inditex.com/brands/bershka|title=Bershka About|publisher=Inditex|access-date=8 April 2016}}</ref> The company bought the Stradivarius in 1999, a youthful female fashion brand.<ref name = fund>{{cite web|url=http://www.fundinguniverse.com/company-histories/industria-de-dise%C3%B1o-textil-s-a-history/|title=Industria de Diseno Textil S.A. History |publisher=Funding Universe|access-date=8 April 2016}}</ref>
===2001–present===
Inditex had its [[initial public offering]] in 2001, on the Bolsa de Madrid.<ref>{{cite web|url=https://www.wsj.com/articles/SB988496129402059841|title=Inditex Sets IPO Price Range Amid Strong Market Demand|publisher=The Wall Street Journal |first1=Carlta |last1=Vitzthum |first2=Silvia |last2=Ascarelli |date=29 April 2015| access-date=8 April 2016}}</ref> The IPO sold 26 percent of the company to public investors, the company was valued at US$8 billion (€9 billion at the time).<ref>{{cite web|url=https://www.forbes.com/global/2001/0528/024.html|title=Inside Zara|publisher=Forbes|first=Richard|last=Heller|date=28 May 2001|access-date=8 April 2016}}</ref> The same year, the company launched the [[lingerie]] and women's clothing store Oysho.<ref>{{cite web|url=https://fashionbi.com/brands/oysho/info|title=About Oysho|publisher=FashionBi|access-date=8 April 2016}}</ref><ref>{{cite web|url=https://www.forbes.com/sites/walterloeb/2015/03/30/zara-leads-in-fast-fashion/2/|title=Zara Leads in Fast Fashion|publisher=Forbes|first=Walter|last=Loeb|date=30 March 2015|access-date=8 April 2016}}</ref>
In 2003, Inditex launched the Zara Home brand, which offers bedding, cutlery, glassware and other home decoration accessories.<ref>{{cite journal|url=http://www.thefreelibrary.com/SPANISH+CLOTHING+MANUFACTURER+INDITEX+ENTERS+NEW+TERRITORY+WITH+ZARA...-a0103811233|journal=HFN The Weekly Newspaper |publisher= Home Furnishing Network|title=Spanish Clothing Manufacturer Inditex Enters New Territory With Zara Home|date=16 June 2003|first=Barbara |last=Barker|access-date=8 April 2016}}</ref> In 2004, with the opening of store number 2,000 in [[Hong Kong]], Inditex had established its presence in 56 countries.<ref name =elp>{{cite web|url=http://elpais.com/m/elpais/2012/08/14/inenglish/1344945273_865076.html|title=The Man Who Dresses the World|publisher=El Pais|first=Luis|last=Gomez|date=14 August 2012|access-date=8 April 2016}}</ref>
In 2005, CEO Jose Maria Castellano stepped down from the position to oversee expansion plans, he was replaced by current CEO [[Pablo Isla]].<ref name =cast>{{cite web|url= http://www.ft.com/intl/cms/s/0/8db00f16-2e29-11da-aa88-00000e2511c8.html#axzz3qSElNPN4|title=Castellano Steps Down From Inditex|publisher=Financial Times|first=Leslie |last=Crawford| date=26 September 2005|access-date=8 April 2016}}</ref> Inditex launched Uterque in the summer of 2008, the brand specializes in women's accessories.<ref>{{cite journal|url=http://www.thefreelibrary.com/H%26M+and+Inditex's+global+expansion+strategies.-a0213856442|title=Retail in Practice:H&M and Inditex's Global Expansion Strategies|publisher=The Retail Digest|date=22 September 2008|first=Raphael |last=Moreau}}</ref> During the same year, the company opened its 4,000th store in Tokyo after doubling in size within four years.<ref name=elp/> In 2011, Ortega, the founder of the business and majority shareholder, stepped down as deputy chairman and CEO Isla handles day-to-day operations.<ref name=elp/> Later that year, the company opened a store in [[Australia]], a move that would put the company on five continents and in 77 countries.<ref name=aus>{{cite web|url=http://theconversation.com/zaras-australian-entrance-to-challenge-local-retailers-272|title=Zara's Australian Entrance to Challenge Local Retailers|publisher=The Conversation|first=Lisa |last=Tartaglia |date=18 April 2011|access-date=8 April 2016}}</ref> After the [[2013 Savar building collapse]], Inditex was one of the thirty-eight companies who signed the [[Accord on Factory and Building Safety in Bangladesh]].<ref>{{cite web|url=https://www.theguardian.com/world/2013/may/13/fashion-chain-finance-safety-bangladesh-factories|title=Fashion Chains Sign Accord to Help Finance Safety in Bangladesh Factories|publisher=The Guardian|first1=Jason |last1=Burke |first2=Saad |last2=Hammadi |first3=Simon |last3=Neville|date=13 May 2013|access-date=8 April 2016}}</ref>
==International presence==
In 1989, a year after entering Portugal, the company entered the U.S. market<ref>{{cite web|url=https://www.forbes.com/2009/03/24/foreign-retailer-favorites-lifestyle-style-foreign-retailer.html|title=America's Favorite Foreign Retailers|publisher=Forbes|author=Lauren Sherman |date=March 24, 2015 |accessdate=April 14, 2016}}</ref> and expanded into the France in 1990.<ref name=fund/> Expansion continued to Mexico in 1992 and Greece in 1993. In 1994, Inditex opened stores in [[Belgium]] and [[Sweden]].<ref name = whar>{{cite web|url=http://knowledge.wharton.upenn.edu/article/fashion-chain-zara-reclaims-the-glory-of-spain/|title=Fashion Chain Zara Reclaims the Glory of Spain|publisher=Wharton University of Pennsylvania|date=April 24, 2003|accessdate=April 14, 2016}}</ref> By 1997, the company had expanded to [[Malta]], [[Cyprus]], [[Norway]] and [[Israel]].<ref name=oz/> In 1998, expansion continued to the [[UK]], [[Turkey]], [[Argentina]], [[Venezuela]], the Middle East and [[Japan]].<ref name= oz/> [[Canada]], [[Germany]], [[Poland]], [[Saudi Arabia]] and several South American countries received stores in 1999.<ref name= whar/><ref name=timel>{{cite web|url= http://www.inditex.com/our_group/our_history|title=Inditex: Our History|publisher=Inditex|accessdate=April 14, 2016}}</ref> In 2016, Inditex announced that they planned to open stores in [[Vietnam]], [[New Zealand]], [[Paraguay]], [[Aruba]] and [[Nicaragua]].<ref name =bbc2016/>
The company stores opened in [[Italy]], [[Luxembourg]], [[Puerto Rico]] and [[Jordan]] received stores in 2001. In 2003, Inditex continued its expansion to [[Russia]], [[Slovakia]], and [[Malaysia]].<ref name =timel/> The following year Latvia, Hungary, and Panama amongst other countries received stores, including the 2,000th store in Hong Kong.<ref name=timel/> By 2006, the company had expanded into continental China.<ref name=ind>{{cite web|url=https://www.forbes.com/2010/07/29/forbes-india-zara-business-model-tweak.html|title=Fast Fashion: Zara in India|publisher=Forbes|author=Saumya Roy|date=July 29, 2010|accessdate=April 14, 2016}}</ref>
In 2010, the company opened their 5,000th location in Rome<ref name=elp/> and its first in India.<ref name= ind/> The first stores in Australia and South Africa opened in 2011.<ref name =aus/> The company's expansion continued to the [[Republic of Macedonia]], [[Armenia]], [[Ecuador]], [[Georgia (country)]] and [[Bosnia-Herzegovina]] in 2012.<ref name =timel/><ref>{{cite web|url= http://www.retail-week.com/topics/international/inditex-to-open-stores-in-bosnia-and-herzegovina/5034017.article|title=Inditex to Open Stores in Bosnia and Herzegovina|publisher=RetailWeek |date=February 23, 2012 |accessdate=April 14, 2016}}</ref> In 2014, Inditex opened stores in [[Albania]].<ref>{{cite web|url=http://retailnet.eu/2014/04/03/71463-inditex-enters-albanian-market/|title=Inditex Enters the Albanian Market|publisher=Retail Net|author=Lukasz Izakowski |date= April 3, 2014|accessdate=April 14, 2016}}</ref>
==Online presence==
In 2007, Inditex launched the Zara Home online retail store.<ref>{{cite web|url=http://www.retailnews.asia/zara-home-to-launch-its-online-platform-in-australia/|title=Zara Home to Launch its Online Platform in Australia|publisher=Retail News Asia |date=July 12, 2015|accessdate=April 14, 2016}}</ref> Zara joined the [[e-commerce]] marketplace in September 2010, launching websites in Spain, the UK, Portugal, Italy, Germany and France.<ref>{{cite web|url=https://www.reuters.com/article/us-inditex-results-idUSKBN0ME11N20150318|title=Zara-Owner Inditex to Trim Investment After Strong Sales |publisher=Reuters|author=Sarah Morris |date=March 18, 2015 |accessdate=April 14, 2016}}</ref><ref>{{cite web|url=http://fashionista.com/2010/06/zara-will-finally-offer-e-commerce-but-not-for-us-customers|title=Zara Will Finally Offer E-Commerce, But Not to US Customers|publisher=Fashionista |author=Lauren Sherman |date=June 9, 2010 |accessdate=April 14, 2016}}</ref> In November 2010, Zara's online presence grew to include Austria, Ireland, the Netherlands, Belgium and Luxemborg.<ref>{{cite web|url=https://blogs.wsj.com/source/2010/09/22/zara-tries-a-fast-one-on-the-net/|title=Zara Tries a Fast One on the Net|publisher= Wall Street Journal|date=September 22, 2010|author=Christopher Bjork |accessdate=April 14, 2016}}</ref> In September 2011, Inditex brought Zara's e-commerce platform to the U.S.,<ref>{{cite web|url=https://www.internetretailer.com/2011/09/06/zara-launches-e-commerce-operations-us|title=Zara Launches E-Commerce Operations in the U.S.|publisher=Internet Retailer |date=September 6, 2011 |author=Allison Enright |access-date=April 14, 2016}}</ref> as well as adding the brands Pull and Bear, Massimo Dutti, Bershka, Stadivarius, Oysho and Uterqüe to the e-commerce space.<ref>{{cite web|url= http://us.fashionmag.com/news/Inditex-repatriates-its-e-commerce-services,202121.html#.VsNIffkrKUk|title=Inditex Repartriates its E-commerce Services|publisher=Fashion Mag|date=September 18, 2011 |author=Olivier Guyot |accessdate=April 14, 2016}}</ref> As of February 2016, Inditex operates e-commerce sites in 28 markets and plans to add 12 more by April.<ref>{{cite web|url=http://www.bbc.com/news/business-31939274|title=Zara Owner Inditex Profits up 5%|publisher=BBC|date= 18 March 2015 |access-date=17 June 2016}}</ref><ref>{{cite web|url=http://us.fashionmag.com/news/Inditex-to-consolidate-its-e-commerce-business-in-2016,607247.html#.VsNLsPkrKUk|title=Inditex to Consolidate Its E-commerce Business in 2016|publisher=Fashion Mag|first=Triana |last=Alonso |date=14 December 2015 |access-date=17 June 2016 }}</ref><ref>{{cite web|url=http://www.inditex.com/en/media/news_article?articleId=195459|title=Inditex Launches New Online Stores in Denmark, Ireland, Italy, Luxembourg, Poland, Romania and Sweden Today|publisher=Inditex |date=4 February 2016|access-date=17 June 2016}}</ref>
==Brands==
Under the Inditex umbrella are several brands that offer a variety of products aimed at different markets.<ref>{{Cite web|url=http://www.inditex.com/en/our_group/international_presence|title=International presence - inditex.com|website=www.inditex.com|access-date=2016-07-16}}</ref>
{| class="wikitable sortable"
|-
!Company
!No. of shops<ref>{{cite web|url=http://www.inditex.com/es/our_group/international_presence |title=Presencia internacional |publisher=inditex.com |date=2016 |accessdate=8 April 2016}}</ref>
!Year of creation <ref>{{Cite web|url=http://www.inditex.com/en/our_group/our_history|title=Our History - inditex.com|website=www.inditex.com|access-date=21 February 2017}}</ref>
!Market
|-
|[[Zara (retailer)|Zara]]
|align="center"|2,232
|1975
|Fashion for men, women and children
|-
|[[Pull and Bear]]
|align="center"|982
|1991
|Casual laid-back clothing and accessories for the young
|-
|[[Massimo Dutti]]
|align="center"|769
|1991 (acquired)
|High-end clothing and accessories for cosmopolitan men and women
|-
|[[Bershka]]
|align="center"|1,096
|1998
|Blends urban styles and modern fashion for young women and men
|-
|[[Stradivarius (Inditex)|Stradivarius]]
|align="center"|1,015
|1999 (acquired)
|Casual and feminine clothes for young women
|-
|[[Oysho]]
|align="center"|646
|2001
|Lingerie, casual outerwear, loungewear and original accessories
|-
|[[Zara Home]]
|align="center"|563
|2003
|Home goods and decoration objects
|-
|[[Uterqüe]]
|align="center"|82
|2008
|High-quality fashion accessories at attractive prices
|-
|}
{{Gallery
|title=Inditex brands
|width=120 |height=100
|align=center
|File:Zara Bruselas 16.jpg
|Zara store in Brussels (Belgium)
|File:Pull&Bear China.jpg
|Pull&Bear store in Shanghai (China)
|File:Massimo Dutti París.jpg
|Massimo Dutti store in Paris (France)
|File:Bershka Taiwán.jpg
|Bershka store in Taiwan
|File:Stradivarius Grecia.jpg
|Stradivarius store in Greece
|File:Oysho Suecia.jpg
|Oysho store in Stockolm (Sweden)
|File:Uterqüe Valladolid.jpg
|Uterqüe store in Valladolid (Spain)
}}
==Corporate governance==
===Board of Directors===
'''Bold''' indicates a company shareholder and the representative will be listed below.
{| class= "wikitable sortable"
! Member
! Title(s)
! Member Since
! class= "unsortable"|Shares Held
! class= "unsortable"|Notes
|-
| [[Pablo Isla|Mr. Pablo Isla]]
| Chairman & CEO of Inditex <br /> Board Member of Telefónica, S.A.
| June 2005
| 1,805,302
| rowspan = "9" |<ref>https://www.inditex.com/our_group/board_members</ref>
|-
| Mr. Jose Arnau Sierra
| Deputy Chairman of Inditex <br> First Executive of Grupo Pontegadea <br> Director of GARTLER, S.L. <br> Member of the Board of Trustees of Fundacion Amancio Ortega Gaona
| June 2012
| 30,000
|-
| [[Amancio Ortega|Mr. Amancio Ortega]]
| Founder & Board Member of Inditex
| June 1985
| 1,848,000,315
|-
| '''Pontegadea Inversiones, S.L. ''' <br>Ms. Flora Perez Marcote
| Board Member of Inditex
| December 2015
| 1,558,637,990
|-
| [[Denise Kingsmill, Baroness Kingsmill|Baroness Kingsmill CBE]]
| Board Member of Inditex <br> Member of the supervisory board of EON <br> Non-executive director of International Airlines Group SA <br> Chairman of Mondo <br> Member of the International Advisory Board of the Spanish Business School (lESE)
| July 2016
|
|-
| Mr. Jose Luis Duran Schulz
| Board Member of Inditex <br> Independent Director & Member of the Audit Committee of [[Orange (company)|Orange]]
| July 2015
| 1,700
|-
| Mr. Rodrigo Echenique Gordillo
| Board Member of Inditex <br> Chairman of [[NH Hoteles]]
| July 2014
|
|-
| Mr. Carlos Espinosa de los Monteros Bernaldo de Quiros
| Board Member of Inditex <br> Chairman of Fraternidad-Muprespa <br> Board Member of [[Acciona|Acciona, S.A.]] <br> Board Member of [[Schindler Group|Schindler Espana]] <br> Board Member of [[Yell Group]]
| May 1997
| 150,000
|-
| Mr. Emilio Saracho Rodriguez de Torres
| Board Member of Inditex <br> Head of Investment Banking of [[JPMorgan Chase|JPMorgan Europe, Middle East, & Africa, Ltd.]] <br> Executive Committee Member of Investment Bank <br> Executive Committee Member of [[JPMorgan Chase]] <br> Deputy-CEO of EMEA
| June 2010
|
|}
== See also ==
* {{Portal-inline|Companies}}
==References==
{{Reflist|30em}}
==External links==
{{Commons category|INDITEX}}
* {{Official website|http://www.inditex.com}}
{{Inditex}}
{{Euro Stoxx 50 Companies}}
{{IBEX 35 companies}}
{{European Retail Round Table}}
{{Authority control}}
[[Category:Inditex| ]]
[[Category:Clothing companies of Spain]]
[[Category:Companies based in Galicia]]
[[Category:Companies established in 1985]]
[[Category:Companies in the Euro Stoxx 50]]
[[Category:Companies listed on the Madrid Stock Exchange]]
[[Category:Conglomerate companies of Spain]]
[[Category:IBEX-35]]
[[Category:Multinational companies headquartered in Spain]]
[[Category:2001 initial public offerings]]' |
Whether or not the change was made through a Tor exit node (tor_exit_node ) | 0 |
Unix timestamp of change (timestamp ) | 1506891479 |