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The fact that the red-hot fashion industry has a promising prospect for profitability makes it an exceedingly competitive field with newcomers entering the market and radical collections from renowned names being launched on a regularized basis.
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Zara is a partially of the € 4 billion inditex group and 100% owned company, founded in barcelona.
Zara in the main deals in products lines such equally clothes & accessories for women's, men's room and kids.
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Zara is the flagship brand for europe's fastest growing dress retailer and has about 1500 stores in major cities around the globe.
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Why is Zara important to the fashion industry?
Zara can, thus, easily expand its operations in the markets that are emerging (Pahl & Mohring, 2008). The fashion industry is broad and the diversity in the needs of fashion makes the broader industry. Zara can, therefore, venture into other segments in which other companies have not fully ventured into.
How is Zara showing progress in the market?
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Which is a factor of strength in Zara?
The other factor of strength in the company is that it remains proactive in terms of the development of strategy in the industry and the market in which it operates. With the retail fashion industry being a large industry, Zara chose to venture into one of the main sub-sectors in the industry; the fast fashion segment.
Last Update: Oct 2021
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