Zara It Strategies for Retail Essay - 2571 Words

Matteo Fioravanti Abbey Road - MIB 2013 2355 words Zara: IT for Fast Fashion Zara: IT for Fast Fashion EXECUTIVE SUMMARY In This case we see the typical problem which affect big Companies : the conflict between old style and new school of thought. We analyze Zara’s information Technology strategies and the diatribe between Salgado, The Head of the Department and Sanchez , his assistant,s concern upgrading the operating system and the implementation of a new IT system to fulfill the needs of a fast growing retail chain. Despite the fact that Zara is over performing in their core business and that they are not showing big problems inside their structure, this shouldn’t be seen as a pretense to dodge updating the Software. Here we†¦show more content†¦What Bruno Sanchez Ocampo couldn’t see, was that even though the system was working properly, there were several gaps that a new system could fulfill efficiently. The lack of constant communication with the headquarters could be taken as a perfect example. The cost of having only one daily communication after the store was close d could be simply solved by a new wireless system. Having only one modem connected POS per store turned day to day operation into highly unproductive situation, not to say that using floppy disk and carrying them around the store each time was extremely out of date by the year 2003. A major lack in the system was that there was no possibility of sharing data between the POS and the PDA. As a consequence there was a complete miscommunication between the point of sales and the personal display assistants. Furthermore, another flaw in the system was the impossibility of communication between the different stores. This is a huge opportunity cost if we think about the internal supply that could be provided by the nearby stores. Even though Zara made an effort and changed the hardware of the POS, this seemed to be not enough. The software was still run by DOS and there was no more support for that kind of program.Show MoreRelatedStrategy of Zara Burberry1298 Words   |  6 Pages| | | | [STRATEGY OF ZARA amp; BURBERRY] | | TABLE OF CONTENTS INTRODUCTION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.1 STRATEGIES†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..1 CONCLUSION: COMPARISON ZARA VS BURBERRY†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.4 REFERENCES.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5 Introduction ABOUT ZARA†¦ Zara started operations in Spain in 1975, and now operates in 74 countries worldwide. Zara is one of the largest international fashion companies and it is owned by INDITEX, one of the world’s largest distributionRead MoreThe Future Of Fashion Retailing1635 Words   |  7 Pagescompanies, Uniqlo, Zara, and HM, have expanded globally outside of their home country into the United States. Petro wrote an article back in 2012 about these three well-known fashion companies. Recently this past summer, Petro revisited all three fashion companies to see how successful their strategy has made their business and investors so successful. With the course content from the Contemporary Management textbook, competitive advantage applies itself in a wide variety of unique strategies that efficientlyRead MoreEssay on Zara Case1442 Words   |  6 Pageseconomics, is low cost, high control, and quick turnaround. Zara is just one of six retail stores operated by, Inditex, the parent company. In ditex owns Comditel, a subsidiary, which manages the dyeing, patterning, and finishing of gray fabric and supplied finished fabric to external as well as in-house manufacturers. By owning this company, Zara is able to maintain low cost production while being able to finish fabric in a week. Zara has the ability to obtain its main raw materials as well asRead MoreZara1142 Words   |  5 PagesOutsourcing Zara Created by: Brenda Dyck 1gt; As Mr. Salgado, what will you do concerning the issue of upgrading the POS terminal? Will you upgrade to a modern operating system? Should the POS applications be rewritten to include any additional functionality? If so, what functionality? Response: Yes, I would upgrade both the POS terminal and modernize the operating system. With Dos being outdated and no longer being supported by the IT industry Zara has an unnecessary business risk. Zara supportsRead MoreZara Case Memo1022 Words   |  5 PagesTo: Zara Management From: Subject: Zara s US Expansion Date: 2001 Background Following is an analysis of Zara s current expansion strategy into the US retail market and recommendations on future tactics to ensure a successful expansion. Zara s expansion strategy thus far has been quite successful; however, with every new store opened, its ability to maintain an efficient centralized production system and a strong, unique culture will be diminished. Analysis Let us first consider Zara sRead MoreZara Case Study986 Words   |  4 PagesZara is the flagship brand of the Spanish retail group, Inditex SA, one of the super-heated performers in a soft retail market in recent years. When Indtiex offered a 23 percent stake to the public in 2001, the issue was over-subscribed 26 times raising Euro2.1 billion for the company. Zara is unique model in business world today it has its own principles which may varies from its competitors in the same industry starting from production strategy ending with supply chain management strategy, theseRead MoreThe Retail Giant Of Zara Essay1351 Words   |  6 PagesThe retail giant Zara have proven that utilizing all resources and different management techniques branded the store as a fashion empire. However, Zara has been named one of the most profitable retailers in the world. Zara has expanded and is operating stores all over the world which makes the retailer global. The philosophy behind the retail giant is immersing new fashion fast. Furthermore, Zara focus is producing high-end quality clothes through creativity. The retail giant uses a rapid responseRead MoreZara Case Study1656 Words   |  7 Pages3.1 HISTORY and BACKGROUND ZARA is the flagship chain store for the Spanish Inditex Group owned by Amancio Ortega, who also brands such as Massimo Dutti and Bershka. It was first open in 1975 in La Coruna, Galicia, Spain. Originally a lingerie store, then the product range expanded to incorporate women’s fashion, menswear and children’s clothes (5). The international adventure began in 1988, opened its first foreign store in Oporto, Portugal. The market growth remained mysterious and it kept growingRead MoreZara Casestudy983 Words   |  4 PagesBIT HuangFei (Tracy) Zara: a Spanish retailer goes to the top of world fashion Answer1: The international expansion of Zara started with the opening of a store in Portugal in 1988. Through establishment in Portugal Zara acquired international market experience and knowledge and realized that it would have to adjust its business model to suit the new international markets. International sales accounted for 69 percent of its total turnover in 2005, with Europe being its largest market by farRead MoreZara vs H M - Competitor Analysis1655 Words   |  7 Pages Zara is a flagship brand of the Spanish retail group, Inditex group. Inditex is the worlds largest fashion group, which owns other fashion brands such as Pull amp; Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Lefties and Uterqà ¼e. It was founded in 1975 by Amancio Ortega, when he decided to expand his factory in Arteixo by opening a store in La Coruà ±a. Zara has expanded since and currently operates a total of 1,671 stores

Operating Margin And Operating Margins - 1827 Words

Operating Margin By having a good operating margin which is a margin ratio used in measuring a company s pricing strategy and operating efficiency. The operating margin, measures your operating profitability, it indicates how much of each dollar of revenues used is left over after both costs of goods sold and operating expenses are considered. Operating margins are important because they measure efficiency. The higher the operating margin, the more profitable a company s core business is. For example, I created a mock report called Dean s report In the report I have the following numbers on my financial statement for my event I held. net sales: $1,000,000 cost of goods sold: $700,000 rent: $20,000 wages: $100,000 other operating expenses: $50,000 net sales – all operating expenses = 530,000 then create a formula similar to this .53 = 530,000 - 1,000,000 as you can see, Dean s operating income is $530,000 (Net sales – all operating expenses). According to the formula used, Dean’s operating margin is .53. By taking that away from 110 this means that 57 cents on every dollar of sales are used to pay for variable costs. Only 53 cents remains to cover all non-operating expenses or fixed costs. Working Capital Ratio Working capital ratio, the working capital ratio, also called the current ratio. Is a liquidity ratio that measures a firm s ability to pay off its current liabilities. For example, financial obligation, with their current assets. Working capital is calculatedShow MoreRelatedExxon versus Chevron Essay1576 Words   |  7 Pagesgross profit, operating profits, and net income of both Exxon and Chevron for 2012 and 2013. Of the two companies, speculate on the main reasons why one company may have been more profitable than the other company. 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(2) Cost of goods manufactured: Beginning WorkRead MoreThe Financial Performance Between Next And Debenhams802 Words   |  4 Pagesone of the most appropriate financial indicators to measure the profitability and the efficiency of one company, referring to the return on investment. The formula to calculate ROCE is: Return on Capital Employed % (ROCE) = In the formula, the Operating Profit can be found in Income Statement and the Capital Employed can be calculated by the figures from Balance Sheet. The formula to calculate Capital Employed is: Capital Employed = Equity + Net Borrowings The ROCE calculations of NEXT and DEBENHAMSRead MoreOperating Leverage..... Definition and Formula1375 Words   |  6 PagesOperating Leverage Operating leverage can be measured if the breakdown of fixed cost and variable cost in a company’s operating structure is known. Operating leverage is normally based upon operating income to avoid muddying the signal with financial leverage or taxes. 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However, after further analysis using the DuPont Method, it is clear that compared to industry standards, a problem with Dick’s Sporting Goods does exist. The net profit margin, which is a company’s percentage of each dollar that remains from a sale after all costs and taxes are paid, is roughly .67% lower that the standard (Brooks, Callahan Stetz, 2007). At this point one could make the assumption that to resolve thisRead MoreContribution Margin1247 Words   |  5 Pagesand a commission of $ 6.00 for each haircut. In this case Andre wants to know how much is going to be the new contribution margin per haircut, the annual break-even point in number of haircuts. On our evaluation, Andre requested to find the following information. 1. Find the contribution margin per haircut. 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Pride and prejudice jane aus Essay Example For Students

Pride and prejudice jane aus Essay Pride And Prejudice, Jane AustinJane Austin was born in 1775 in Stevenson, Hampshire. Her family wasnt rich but managed to give her a decent education. At fourteen she began to write little plays for home theatricals. She also wrote nonsense storys to entertain her family. After her fathers retirement they moved to the town of Bath. She was writing First Impression, now called Pride and Prejudice but couldnt get it published till 1813. Jane led a quiet life and never married. She died in 1817. She has written several novels: Sense and Sensibility(1811), Mansfield(1814), Emma(1816), Northanger Abbey(1818) and Persuasion(1818). Jane Austin published her novels anonymously. It wasnt till the twentieth century that she became really famous. Jane used to write about love and money. WORK: Pride and Prejudice is the title of Jane Austins first novel. It deals with a very proud man and a woman that has too many prejudices. It isnt before they both see that they are wrong that they can love each other. Pride and Prejudice is a romantic novel in which manners are very important. Its been first published in 1813. My version: Blackbirds 1992THEME: Ideas and manners can be changed. I dont know what else to make of it. Its the only lesson I can find in the novel. I read because I enjoy it, not because I want to be taught life visions. STORYLINE:Title: Pride and PrejudiceAuthor: Jane AustinChapter 1Mrs. Bennet tells her husband, Mr. Bennet, to visit the new owner of Netherfield, Mr. Bingley. He is quite rich and he is single which makes him a wanted man with all the girls in the neighbourhood. Mr. Bennet tells her that he wont be visiting him because he likes to fool around with her. Mrs. Bennet is thinking about their five daughters, Jane, Elizabeth, Mary, Catherine and Lydia. One of them might fall in love with this Mr. Bingley and that would suite her just fine. Chapter 2Mr. Bennet did visit Mr. Bingley, being one of the first. He didnt tell his wife or his daughters about is till the evening after the visit. They were all over him, wanting to know everything about Bingley. His wife praised him to be such a good father and couldnt stop telling him that she knew he would visit Bingley. Chapter 3The girls hear from their neighbour, Lady Lucas, what Mr. Bingley is like, for their father refused to tell them. It seems that he was a good looking young man. All of them were looking forward to the next ball. A few days later Mr. Bingley returned Mr. Bennet visit. The girls wanted to meet him and he wanted to meet them, but Mr. Bennet avoided that in his own teasing way by talking to him alone. An invitation for dinner was given and they were turned down for Mr. Bingley had to be in town for a few days. He came back for the next ball, taking his sister and his brother-in-law, Mr. Hurst and his other sister, Miss Bingley, and his best friend, Mr. Darcy who made himself a name as being to pride to talk to anyone besides his acquaintances. At the ball Mr. Bingley danced with Jane twice which was explained as that he likes her more than all the other ladies. Lizzy heard Mr. Darcy talking about herself saying he didnt think her pretty. Coming home Mr. Bennet was still awake, hoping that his wife would tell him how disappointing she found Mr. Bingley, but instead she told him how font she was of him and how font he seemed to be of Jane. Then she told him about the shocking rudeness of Mr. Darcy. .u583ee92046b5fe790271032e2c6bb142 , .u583ee92046b5fe790271032e2c6bb142 .postImageUrl , .u583ee92046b5fe790271032e2c6bb142 .centered-text-area { min-height: 80px; position: relative; } .u583ee92046b5fe790271032e2c6bb142 , .u583ee92046b5fe790271032e2c6bb142:hover , .u583ee92046b5fe790271032e2c6bb142:visited , .u583ee92046b5fe790271032e2c6bb142:active { border:0!important; } .u583ee92046b5fe790271032e2c6bb142 .clearfix:after { content: ""; display: table; clear: both; } .u583ee92046b5fe790271032e2c6bb142 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u583ee92046b5fe790271032e2c6bb142:active , .u583ee92046b5fe790271032e2c6bb142:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u583ee92046b5fe790271032e2c6bb142 .centered-text-area { width: 100%; position: relative ; } .u583ee92046b5fe790271032e2c6bb142 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u583ee92046b5fe790271032e2c6bb142 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u583ee92046b5fe790271032e2c6bb142 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u583ee92046b5fe790271032e2c6bb142:hover .ctaButton { background-color: #34495E!important; } .u583ee92046b5fe790271032e2c6bb142 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u583ee92046b5fe790271032e2c6bb142 .u583ee92046b5fe790271032e2c6bb142-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u583ee92046b5fe790271032e2c6bb142:after { content: ""; display: block; clear: both; } READ: HARRIET TUBMAN EssayChapter 4Jane tells Elizabeth how much she likes Mr. Bingley. They talk about him, he inherited quite some money and two years later he bought Netherfield. He is the opposite of his friend Mr. Darcy. They are both very clever but very different in all their other habits. Jane tells Lizzy that his sisters and Darcy are staying at Netherfield with Mr. Bingley. They all think of Jane as a very sweet