lead to sales of ¥3trillion by 2020. Complementary options for sales of ¥5 trillion by 2020 are provided and should be developed. Sales of ¥3 trillion by 2020 • Identifying Fast Retailing Strengths • Highlighting the importance of UNIQLO inside FR • Looking at UNIQLO unique positioning • Looking at expansion opportunities • Looking at various options for growth • Recommending the strongest strategy: organic growth • Providing complementary options to achieve the higher goal of sales of ¥5 trillion
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Zara International demonstrates many elements of classical management approaches. Fredrick Taylor’s scientific management is evident through their quick turnaround of runways to stores allowing only 2 weeks for the company to get the attire into stores. Zara’s ability to distribute stock within 24 to 48 hours depending on global location also contributes to Taylor’s scientific management theory. One of the four guiding action principles of the scientific management theory states that you must “develop
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June 26‚ 2012 Miguella D. Asaña Marketing Management #4 Mr. Ryan Lao Uniqlo is a Japanese company that brings great casual wear to people and around the world. Their target market is for everyone. Young or old‚ class a b and c. Uniqlo retail store is very in nowadays‚ especially here in the Philippines. Because last June 15‚ 2012 they open their store at Mall of Asia Philippines and they’re giving away
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Zara: Fast Fashion Report Questions 1) With which of the international competitors listed in the case is it most interesting to compare Inditex´s financial results? Why? What do comparisons indicate about Inditex´s relative operating economics? Financial results of Inditex Group and its competitors GAP‚ BENETTON‚ and H&M (Table 1) have to be evaluated under a common bases‚ in other words‚ identifying variables that are common for the four companies due to at the end the business strategy of
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in the next five years. Major urban population with different city of 2011‚ Jakarta 921 million people‚ 250 million people of Surabaya‚ Bandung 2.4 million people‚ 2.1 million people in Medan‚ Semarang 1.2 million. As the most important brand of FR‚uniqlo carried out through research while segmenting the market. It is divided into men and women‚ old and young‚the mainly age is 16 to 50 years old.The different group of buyers were different according to the regions they belong. Geographic segmentation:
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Zara is the flagship chain store of Inditex Group owned by Spanish tycoon Amancio Ortega. Zara is the most internationalized of Inditex’s chains. The group is headquartered in A Coruna‚ Spain‚ where the first Zara store opened in 1975. As of August 2009‚ there are more than 1‚500 Zara stores around the world. It is claimed that Zara needs just two weeks to develop a new product and get it to stores‚ compared with a six-month industry average‚ and launches around 10‚000 new designs each year. Zara
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Production Enterprises Customers Suppliers Production Enterprises ZARA is the flagship brand under the Indetex Group‚ which is known worldwide by its fast fashion products. Their core competitive strategy is developing the new product and getting it to stores within 15 days. The uniqueprocessing model ensures ZARA occupied the market advantage among the fashion industry. Subcontractors Although ZARA manufacture approximately half of its products in their own factories‚ they use
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Zara expansion in China ZARA Zara is the flagship chain store of Inditex Group owned in Spanish. Inditex takes a step forward in its expansion in China. Zara opened its first store in this country in May 2004 at the IFC mall‚ Hong Kong‚ where it now has five stores. In February 2006 the first store was launched in Shanghai‚ in Nanjing Xi Lu‚ followed by a second one in this city located at Times Square mall. In February 2007 The Inditex Group already opened its first Zara store in Beijing‚ located
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What are the company’s competitive advantages? Zara is ‘fast fashion’. In order to proof this statement we are taking a look at different components where we can see their competitive advantages. Design The designers go to fashion shows‚ they develop sketches and while they select fabrics‚ the price of each product is already determined. The collection has to arrive in the stores at the start of the selling season. In order to keep up with the trends they not only look at the sales data but they
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Amancio Ortega Gaona is the founder and current chairman of Inditex. He is also Spain ’s richest man. Inditex runs over 4500 stores worlwide for different brands: • Zara International (833 stores) • Pull and Bear (423) • Massimo Dutti (360) • Bershka (354) • Stradivarius (257) • Oysho (146) • Zara Home (105) • Lefties () In Romania‚ Inditex is in a continuous development and has at this time 37 stores in the most important cities of Romania . Most stores
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