We just had a new shopping center here, "Cevahir". The grand opening was last week. It is said to be the biggest shopping center in Europe now. The news said it is named to be the second biggest mall in the world after US Michigans "Mall of America".

(looks like a space station! )
Anyway, one of the first shops that is now open in it is "Zara Home" which also is the biggest "Zara" store in Turkey. May i say its
HUGE? It sells astonishing furnitures, and also sells the off season/last years pieces, which i think is great! Zara's in Turkey gets updated every Thursday (dont know if its the same in other countries) so its kinda impossible to find what you liked the week before, people sweep everything in it! I like the variety it offers, never seen a brand that follows trends, street styles and notice tendencies that quick. Last year i read in the newspaper that Zara owns a "street style team" which follows peoples clothing trends in streets, clubs, cafes and every possible place. The team is spread worldwide in a lot of hot spots, walking and investigating around and they report their findings to the Zara headquarters in Spain everyday. The headquarters starts working on these tendencies, ideas and photographs immediately and works it to put the stuff in stores as quick as possible while its still hot, or even before it becomes hot.
I know the forum mostly concentrates on the clothes itself, but i thought some of you would be interested in reading Zara's story, as its one of my fave stores, i would love to share it too =)
"Amancio Ortega Gaona, a native of Galicia, had worked as a clerk at a ladies’ apparel retailer before starting his own housecoat manufacturing business in 1963. He opened the first Zara store in La Coruña in 1975; by
1989, there were 82 Zara stores in Spain, and Ortega began international expansion with Zara stores in Portugal, Paris and New York. Zara’s parent company Inditex took on 4 other formats, Pull & Bear, Massimo Dutti,
Bershka and Stradivarius,1 and in 2001 had launched Oysho, an intimate apparel and swimwear brand. The brand names Zara, Pull & Bear, Bershka and Oysho were invented, generic names suitable for “export”; and by
fiscal 2000, over half of Inditex sales were outside Spain. During 2000-2001, Inditex received widespread favorable press and analyst coverage, touting Inditex’s success and attributing it to Zara’s unique integrated business model. Its success has led to Zara being described as “possibly the most innovative and devastating retailer in the world” by Daniel R. Piette, Chairman and CEO, LV Capital. Inditex made an initial public offering of stock in May 2001, and was by then the world’s third largest clothing retailer. Ortega’s stake in Inditex was worth billions, but Ortega remained a famously privately man, still living near La Coruña and involved in running Inditex. Zara offered clothing for women (about 58% of sales), men (about 22%) and children (about 20%). In its offering document, Inditex described Zara in this way: “Zara is a high-fashion concept offering apparel, footwear and accessories for women, men and children, from newborns to adults aged 45. Zara stores offer a compelling blend of fashion, quality and price offered in attractive stores in prime locations on premier commercial streets and in upscale shopping centers. Our in-house design and production capabilities enable us to offer fresh designs at our Zara stores twice a week throughout the year.”
At year-end 2001 Inditex was operating over 1200 stores in over 35 countries around the world, under 6 fascia, and analysts projected that Inditex stores would easily number 2000 within 5 years. Zara’s vertically integrated model depended to a great extent on local Spanish sourcing for a large proportion of garment manufacture. But Castellano had considered that Zara would shift more production offshore, probably to Asia, to take advantage of the lower wage costs. How much of a shift was necessary to support Zara’s expansion and to meet possible pricing pressures, and how much of a shift could be made without undermining Zara’s success— were critical issues facing Inditex."
(taken from Colombia Business School's marketing researchs "Zara Case Inspection")
Some notes;
- Zara aims to open a shop in every country until 2010.
- After Spain, Turkey is the second country that offers the cheapest prices in Zara.
- Zara, "the pride of Spain" sells 200 million products and creates 11.000 different models every year.
- Zara's nickname is "the terminator" in the textile world and when it was first launched in Paris, textile center of the world, it caused a lot of panic as it is believed to be the nightmare of a lot of company. Zara is famous for decreasing the prices in every country it enters as it increases the competition in the sector.
- Zara so far removed fur from its 2064 stores worldwide. By the end of the year, Zara will remove all furry products from all its stores.
(notes are gathered from Hürriyet and Sabah)
I hope you excuse my limited english. 