Retail Analysis Paper: ZARA
Overview and Current Climate ZARA is an apparel company well known as a fast-fashion retailer that constantly releases new fashions and produces its own clothing. The products at ZARA include clothing, accessories, shoes, swimwear, beauty, homeware, and perfumes. However, Inditex, the parent company of ZARA, announced that the brand is currently facing competition from online retailers that can refresh their websites with new products daily, while ZARA has also been adapting to new trends and re-stocking products quickly (Network). ZARA is experiencing that more people have turned to online shopping, and the brand is now seeking to develop new technologies to respond to the changing consumer trends (Network). Not only has ZARA been facing challenges, but also the whole retail industry has been challenged fighting against e-commerce and the economic crisis since COVID-19 started. According to the data from McKinsey, consum...