DOCSLIB.ORG

Trade Marks Ordinance (Cap

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Trade Marks Ordinance (Cap TRADE MARKS ORDINANCE (CAP. 559) OPPOSITION TO TRADE MARK APPLICATION NO. 302275975 Marks : Classes : 16, 25 Applicant : Kabushiki Kaisha Nissen Holdings (Nissen Holdings Co., Ltd.) Opponent : Industria de Diseño Textil, S.A. (Inditex, S.A.) ______________________________________________________________________ STATEMENT OF REASONS FOR DECISION Background 1. On 7 June 2012 (“Application Date”), Kabushiki Kaisha Nissen Holdings (Nissen Holdings Co., Ltd.)(“Applicant”) filed an application (Application No. 302275975)(“subject application”) under the Trade Marks Ordinance (Cap. 559)(“Ordinance”) for registration of the following series of two marks (collectively, the “subject marks”) : (“subject mark A”) (“subject mark B”). The Applicant claims the colours blue, black and white as elements of subject mark A. Registration of the subject marks is sought in respect of the following goods (“subject goods”): 1 Class 16 Paper; cards; catalogues; printed matter; magazines [periodicals]; wrapping paper; bags [envelopes, pouches] of paper or plastics, for packaging; paper box; office requisites, except furniture (“subject Class 16 goods”). Class 25 Tee-shirts; camisoles; drawers [clothing]; pants; bodices [lingerie]; underwear; tights; sweat-absorbent underclothing; jerseys [clothing]; underpants; brassieres; petticoats; slips [undergarments]; children clothes; brassieres (chest liners, chest pads); clothing for gymnastics; stockings; sweat-absorbent stockings; hosiery; leggings (“subject Class 25 goods”). 2. Particulars of the subject application were published on 26 October 2012. Industria de Diseño Textil, S.A. (Inditex, S.A.)(“Opponent”) filed a notice of opposition on 25 January 2013 (“Notice of Opposition”) with a statement of grounds of opposition (“Statement of Grounds”). In response to the Notice of Opposition, the Applicant filed a counter-statement on 19 April 2013 with grounds in support of its application. 3. The Opponent’s evidence consists of: (a) a declaration of Mr. Antonio Abril Abadin made on 16 January 2014 (“Abadin’s 1st Declaration”); and (b) a second declaration of Mr. Antonio Abril Abadin made on 30 June 2015 (“Abadin’s 2nd Declaration”). 4. The Applicant’s evidence consists of a declaration of Hiroshi Ii made on 8 October 2014 (Ii’s Declaration”). 5. The opposition hearing took place before me on 10 November 2016. Ms Miranda Chan of Messrs. Hastings & Co. appeared for the Applicant, and Ms Florence Lam of Messrs. Wilkinson & Grist appeared for the Opponent at the hearing. I reserved my decision at the conclusion of the hearing. Grounds 6. The Opponent relies on the grounds under the following sections of the Ordinance: 2 (a) section 12(3); (b) section 12(5)(a); (c) section 12(4); and (d) section 11(5)(b). Relevant date 7. The relevant date for considering this opposition is the Application Date, i.e. 7 June 2012. Evidence of the Opponent 8. According to Abadin’s 1st Declaration, the Opponent is a fashion distributor with over 6,000 stores in 86 countries in Europe, Asia, Oceania, United States of America and Africa. The Opponent’s retail stores are operated in the names and formats of Zara, Zara Home, Pull & Bear, Bershka, Massimo Dutti, Oysho, Stradivarius and Uterqüe. ZARA is the Opponent’s flagship chain.1 9. According to Abadin’s 1st Declaration, the mark ZARA was devised by the President and founder of the Opponent Mr. Amancio Ortega Gaona as a fanciful mark in 1975 when the first ZARA store was opened in A Coruña, North Western Spain in 1975.2 10. ZARA is used as the name of a chain of stores as well as the brand of products sold in ZARA stores including goods in Classes 3 (e.g. perfume, cosmetics), 9 (e.g. sunglasses), 14 (e.g. watches jewellery), 16 (e.g. notebooks, pocket diaries), 18 (e.g. bags, purses, belts, backpacks, umbrellas), 24 (e.g. towels), 25 (e.g. clothing, footwear, headgear) and 26 (e.g. headbands, hair pins, hair ties)(collectively the “Opponent’s Goods”). From 2009 onwards, catalogues of the Opponent’s Goods are no longer printed. The annual promotion campaign and the collections for each year are only shown in-store and on the Opponent’s websites. For Hong Kong, Exhibit “AAA-1(b)” to Abadin’s 1st Declaration shows pictures downloaded from the Hong Kong website www.zara.com/hk for the 2009, 2010, 2011, 2012, 2013 and 2014 collections. Products shown include clothing and shoes.3 1 Abadin’s 1st Declaration, para. 4. 2 Abadin’s 1st Declaration, para. 5. 3 Abadin’s 1st Declaration, para. 6. 3 11. ZARA HOME, a brand introduced by the Opponent in 2003, sells home furnishing focusing on textiles (such as bed, table and bathroom linen), tableware, cutlery, glassware and decorative items. The Opponent’s first ZARA HOME store opened in Hong Kong in October 2013 (i.e. after the Application Date).4 12. The Opponent is the owner of the trade marks “ZARA”, “TEXTURES ZARA”, “ZARA BASIC”, “ZARA HOME” and marks similar thereto (collectively, the “Opponent’s Marks”). The Opponent’s Marks have been registered in various jurisdictions around the world. In Hong Kong, the Opponent is the owner of, inter alia, the registered marks set out in Annex 1 (“Opponent’s HK Registered Marks”). 13. According to the Interbrand “Best Global Brands” report which ranks the world’s most valuable brands, ZARA was ranked 48th out of 100 in 2010, 44th in 2011 and 37th in 2012.5 In the Interbrand “Best Global Brands” report 2012, the brand “ZARA” was valued at US$ 9,488 million. 14. The Opponent does not explicitly advertise but relies on the visibility of its prominently situated stores to make itself seen and known. As observed in the Interbrand “Best Global Brands” report 2009, Zara is not a big advertising spender and instead builds awareness through word-of-month and retail presence.6 At the time of Abadin’s 1st Declaration, ZARA has presence in 86 countries with a network of more than 1,800 ZARA stores, including 11 stores in Hong Kong. The first ZARA store in Hong Kong opened in 2004 at the International Finance Centre in Central.7 15. Set out in paragraphs 20 and 21 of Abadin’s 1st Declaration are the worldwide and Hong Kong net sales of the Opponent’s Goods under the Opponent’s Marks during the years 2006 to 2012. The average annual worldwide net sales and the average annual Hong Kong net sales during that period were more than €7.5 billion and HK$1 billion per annum respectively. Sales of ZARA clothing represent approximately 66.11% contribution to the Opponent’s worldwide sales. 16. Exhibit “AAA-10” to Abadin’s 1st Declaration includes copies of invoices issued by the Opponent to Zara Asia Limited in Hong Kong from 2006 to 2012 in respect of various goods in Class 25 including clothing, underwear, caps, hats, socks, 4 Abadin’s 1st Declaration, para. 10. 5 Abadin’s 1st Declaration, paras 11-14 and Exhibit “AAA-5”; Abadin’s 2nd Declaration, para. 5 and Exhibit “AAA-18”. 6 Abadin’s 1st Declaration, para. 15. 7 Abadin’s 1st Declaration, paras 7-9. 4 stockings, ties, gloves and scarves, as well as goods in other Classes such as handbags, purse wallets, belts, imitation jewellery and sunglasses (collectively, the “Opponent’s Verified Goods”). 17. Exhibit “AAA-9(b)” to Abadin’s 1st Declaration includes invoices issued under the Opponent’s “ZARA HOME” mark in respect of sales of the Opponent’s Class 16 goods from 2013, i.e. after the Application Date. There is no evidence that the Opponent has used any of the Opponent’s Marks in Hong Kong in respect of goods in Class 16 before the Application Date. 18. It has not been the policy of the Opponent to make big investments in advertising and since 2007, the Opponent has not published any catalogues. In Hong Kong there have been limited promotion activities that correspond to the seasonal sales advertisements twice a year and some in-store events.8 Set out in Exhibit “AAA-11(a)” to Abadin’s 1st Declaration are advertisement costs of Zara Hong Kong during the years 2007 to 2010. The average annual advertisement costs of Zara Hong Kong during that period was around HK$352,000 per annum. Included at Exhibit “AAA-12” to Abadin’s 1st Declaration are copies of articles written on Zara from Mainland China, India, Israel, Japan, UK, USA etc. Only one article in 2006 is from Hong Kong. 19. The Opponent has obtained registrations of the Opponent’s Marks in Hong Kong and in various countries in the world. Included at Exhibit “AAA-13” to Abadin’s 1st Declaration is a list of trade mark registrations of the Opponent’s Marks and some copies of the relevant registration certificates. Evidence of the Applicant 20. According to Ii’s Declaration, the Applicant was founded on 10 April 1970. It is a company organized and existing under the laws of Japan. It has three separate core business operating through its subsidiaries, one of which is the commerce business which covers mail-order business and sales representation business for apparel, lifestyle-related goods, etc., along with sales and wholesale of gift items through a “bricks-and-clicks” business model (i.e. combining stores and various media such as catalogues, the internet and mobile phones). 21. The Applicant stated that it had been an online and catalog retailer in Japan with over 40 years of experience selling goods including clothing, underwear, stockings, 8 Abadin’s 1st Declaration, para. 24. 5 shoes, beauty, hair care and household products, and that at the time of Ii’s Declaration in 2014, the Applicant had over 30 million registered customers in Japan. The Applicant stated that it created its global website http://www.nissen.com in 2010 which had been available in Japanese, English, traditional and simplified Chinese.9 22.
Load more

Recommended publications
  • Download the Covid Fashion Report
    E H T COVID FASHION REPORT A 2020 SPECIAL EDITION OF THE ETHICAL FASHION REPORT THE COVID FASHION REPORT A 2020 SPECIAL EDITION OF THE ETHICAL FASHION REPORT Date: October 2020 Australian Research Team: Peter Keegan, Chantelle Mayo, Bonnie Graham, Alexandra Turner New Zealand Research Team: Annie Newton-Jones, Claire Gray Report Design: Susanne Geppert Infographics: Susanne Geppert, Matthew Huckel Communications: Samara Linehan Behind the Barcode is a project of Baptist World Aid Australia. New Zealand headquartered companies researched in partnership with Tearfund New Zealand. www.behindthebarcode.org.au Front cover photo: KB Mpofu, ILO via Flickr CONTENTS PART ONE PART TWO PART THREE The COVID Challenge COVID Fashion Actions & Commitments Recommendations The 2020 Special Edition .......................5 1: Support Workers’ Wages by Industry Action ....................56 .... COVID Fashion Commitments ................7 Honouring Supplier Commitments 19 Consumer Action.................57 Industry Response to COVID-19 ..............8 2: Identify and Support the Workers at Greatest Risk .......... 26 COVID-19 and Garment Workers ...........10 COVID-19 and Consumers .................... 11 3: Listen to the Voices and Experience of Workers ............. 32 COVID-19 and Fashion Companies ........13 Appendices 4: Ensure Workers’ Rights Methodology .....................................14 and Safety are Respected ............... 39 Fashion Company-Brand Company Fashion Tiers .......................17 Reference List 59 5: Collaborate with Others Endnotes 64 to Protect Vulnerable Workers ......... 46 About Baptist World Aid 6: Build Back Better for Workers Australia 66 and the World ............................... 50 Acknowledgements 67 Part One THE COVID CHALLENGE THE 2020 SPECIAL EDITION 2020 has been a year like no other. COVID-19 has swept across the planet, sparking subsequent health, economic, and humanitarian crises.
    [Show full text]
  • Annual Report
    ANNUAL REPORT 2015 Inditex’s sustained growth is driven by a team of over 150,000 people worldwide who know that the Group’s progress has to go hand in hand with social progress and environmental sustainability ANNUAL REPORT 2015 ANNUAL REPORT Over 150,000 creative people, who also succesfully work in team, are part of Inditex. Zara employee at the store in Oxford Street, London. Massimo Dutti employees at the brand’s head office in Tordera (Barcelona). INDITEX ANNUAL REPORT 2015 Main indicators Turnover (in millions of euros) Financial and management ratios 2015 2014 2015 2014 Return on equity (ROE) 26% 25% Net sales 20,900 18,117 Return On Capital Employed (ROCE) 34% 33% Results (in millions of euros) Other relevant information 2015 2014 2015 2014 Operating profit (EBITDA) 4,699 4,103 Number of stores 7,013 6,683 Operating profit (EBIT) 3,677 3,198 Net openings 330 343 Net profit 2,882 2,510 Number of markets with commercial presence 88 88 Net profit attributable to the parent company 2,875 2,501 Number of markets with an online store 29 27 Number of employees 152,854 137,054 Percentage of women/men 76% / 24% 78% / 22% Relative energy consumption (MJ/garment) 5.56 6.24 Investment in social programmes (in millions of euros) 35 25 Number of suppliers with purchases 1,725 1,625 Sales (in millions of euros) Net income (in millions of euros) 20,900 2,882 18,117 2,510 2,367 2,382 15,946 16,724 13,793 1,946 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Sales by geographical area Number of employees 2015 152,854 44% Europe (excluding Spain) 2014 137,054 America 15% 2013 128,313 2012 120,314 Asia and rest of the world 23% 18% Spain 2011 109,512 - 2 -- - [G4-9, G4-13] INDITEX MAIN INDICatORS Meeting at Oysho head office in Tordera (Barcelona).
    [Show full text]
  • E-Catalog March 2021
    OYSHO COLLECTION E- Catalogue LINGERIE Collection SS21 OYSHO_ LINGERIE SEAMLESS COMFORT Seamless comfort boxer IDR 229.900 Seamless comfort bra IDR 399.900 Seamless comfort bra IDR 399.900 Seamless comfort thong IDR 149.900 OYSHO_ LINGERIE Seamless bra IDR 299.999 Seamless bra IDR 299.999 5 Seamless panties packs 3 Seamless panties packs IDR 399.900 Seamless brief IDR 229.900 Seamless brief IDR 149.900 IDR 199.900 Seamless boxer Seamless top IDR 229.990 IDR 399.900 Seamless boxer IDR 229.990 Seamless top IDR 399.900 OYSHO_ LINGERIE BODIES Seamless bodies Seamless bodies IDR 499.900 IDR 499.900 Seamless bodies IDR 499.900 OYSHO_ LINGERIE Bralette IDR 399.900 Brief IDR 199.900 Bralette IDR 399.900 Brief IDR 199.900 OYSHO_ LINGERIE Night Dress IDR 599.900 Night Dress IDR 599.900 OYSHO_ LINGERIE Top lace IDR 499.900 Short IDR 399.900 Pompom Slippers Night Gown IDR499.900 IDR 799.900 OYSHO_ LINGERIE Satin Top lace IDR499.900 Satin Dress IDR 599.900 Pompom Slippers IDR 499.900 Satin Bathrobe IDR 699.900 Satin Short lace IDR399.900 OYSHO_ LINGERIE Satin Dress Satin Dress IDR 599.900 IDR 599.900 Satin Dress IDR 599.900 WHEN I’M AT HOME OYSHO_ HOMEWEAR PYJAMAS SET Floral dusty pink Mauve floral IDR 499.900 IDR 599.900 Furry slippers IDR499.990 Floral dusty pink pants Mauve floral pants IDR 399.900 IDR 499.900 OYSHO_ HOMEWEAR Floral toiletry bag IDR 399.900 Stamp pink trouser IDR 399.900 Stamp pink dressing gown Padded wide slides slippers IDR 799.900 IDR 399.900 OYSHO_ HOMEWEAR Boho floral dressing gown IDR 799.900 Ditsy floral trouser IDR 399.909
    [Show full text]
  • The State of Pay in the Global Garment Industry Contents
    UK The state of pay in the global garment industry Contents 1 Executive summary 3 About this report The Clean Clothes Campaign 2 Why the living wage remains a key issue 8 Clean Clothes Campaign is a global alliance dedicated to improving working 3 conditions and empowering workers in the global garment and sportswear The current context of the wage debate 12 industries. Labour Behind the Label is a UK member of the Clean Clothes Campaign. 4 Survey findings and scores 20 We work as part of a global network to campaign for systemic change in the garment industry and to improve conditions and empower workers in the 5 Brand profiles 38 garment industry worldwide. Report published: June 2019. 6 Conclusions & recommendations 59 This report is made available under the Creative Commons Attribution-Non Commercial-No Derivatives 4.0 International License. 7 Appendices 62 Credits Data overview Lead study author: Anna Bryher Acknowledgements: Anne Bienias, Theresa Haas, David Hachfeld, Methodology & marking Dominique Muller, Elisabeth Schenk Design: Chris Woodward 8 Endnotes 75 Photo credits: Heather Stilwell: Pages 4, 35 / Clean Clothes Campaign: Pages 5, 14, 16, 22 / GMB Akash: Page 9 / Yevgenia Belorusets: Page 17 / Will Baxter: Page 21 / Kristof Vadino: Cover, Page 31 This report was funded through the Economic and Gender Justice in the Global Apparel Industry Project at the WSR Network, which is supported by the NoVo Foundation. We are grateful to them and all of the WSR Network’s funders, who support the WSR Network in advancing its mission. Tailored Wages 2019 The state of pay in the global garment industry 2 Executive Summary Tailored Wages 2019 The state of pay in the global garment industry 3 Executive summary Since the beginning of this century, global brands sourcing clothing from low wage countries around the world have acknowledged on paper that wages paid to workers should be enough to meet their basic needs.
    [Show full text]
  • Inditex Brand Offer Strategies INDITEX Inditex Brand Offer Strategies Net Revenue: €26.144 Million Stores: 7,490
    INDITEX BRAND OFFER STRATEGIES Detailed assortment and pricing report Zara, Bershka, Pull&Bear, Oysho, Stradivarius and Massimo Dutti and Massimo Stradivarius Oysho, Pull&Bear, Bershka, Zara, TABLE OF CONTENTS 04 07 Inditex Zara 12 15 Bershka Pull&Bear 16 17 Stradivarius Massimo Dutti 19 Oysho LOÏC WINCKELMANS CEO, RETVIEWS Inditex group has experienced tremendous success and become a global leader in the fashion retail industry, creating an empire of brands covering a broad spectrum of consumers, across different cultures and age groups. This report is a detailed analysis of the offer and pricing strategy of each brand behind Inditex’s success. On average, retailers monitor around 30,000 products from dozens of competitors in each country where they operate. When we started Retviews, competitive intelligence in fashion retail was 100% manual and had never been improved. However a deep understanding of your competitors’ assortments is crucial to succeed in today’s retail industry. Retviews helps our customers track the market efficiently to focus on creating the perfect assortment at the right price. 3 01 I NDITEX Inditex Brand Offer Strategies INDITEX Inditex Brand Offer Strategies Net revenue: €26.144 million Stores: 7,490 TARGET GROUP ANALYSIS RETVIEWS. WOMENSWEAR. 2019 Massimo Dutti Zara Stradivarius Oysho Bershka Pull&Bear 10 15 20 25 30 35 40 45 age Inditex has conquered the prêt-à-porter world. It runs 7,500 stores in 96 countries and has established Zara’s global online store, accessible in over 200 countries. The plan for 2020 is to make all the brands available in every country in the world.
    [Show full text]
  • Successful Actions to a Sustainable Future Depend on the Strategy
    Bachelor thesis Successful actions to a sustainable future depend on the strategy -An exploratory study of MNEs Corporate Social Responsibility in the Fast Fashion Industry Author: Amanda Pfante & Victoria Rosso Supervisor: Selcen Öztükcan Examiner: Helén Anderson Term: VT20 Subject: International Business Level: Degree of Bachelor Course code: 2FE51E Abstract Corporate social responsibility is a well-discussed phenomenon where existing researchers within the field of MNEs have found an increased interest in the CSR topic. Existing research between the two topics is still at an early stage where the main reason is the complexity of defining the CSR concept, as well as the MNEs cross-border operations in multiple contexts. Further, the fast fashion industry is generally characterized by frequent production and squeezed margins to maximize profit. CSR is significantly important for MNEs operating in the fast fashion industry due to their environmental and social impact, where they have to reconsider the impact of their actions. This thesis will examine two MNEs originated from Sweden and Spain to understand the differences and similarities of the selected MNEs strategic CSR focus and actions. Further, a qualitative research method has been conducted in order to fulfill the purpose of this thesis, where the empirical data has been conducted through secondary data. The common findings of this thesis indicate that both MNEs engage in multiple CSR activities, where the strategy mainly focus on environmental and social aspects. Further, the findings illustrated a clear connection to Carroll’s Pyramid of CSR where all responsibilities were included in the strategies. The outcome of the thesis indicates that both MNEs strategies involves actions to take responsibility for global and local issues.
    [Show full text]
  • Oysho Uk Purchase Conditions 1. Introduction
    OYSHO UK PURCHASE CONDITIONS 1. INTRODUCTION This document (together with any documents herein mentioned) sets forth the terms and conditions governing the use of this website and the purchase of items through such website (hereinafter, the "Terms"). Please read through these Terms, our Cookies Policy and our Privacy Policy (together the "Data Protection Policies") prior to using this website. By using this website or placing an order through it, you are consenting to be bound by these Terms and our Data Protection Policies. If you do not agree to all of the Terms and the Data Protection Policies, do not use this website. These Terms and the Data Protection Policies may be amended. It is your responsibi lity to regularly read through them, as the Terms and the Data Protection Policies in force at the time that you use this website or at the time of the formation of the Contract (as defined below) shall be the applicable ones. By purchasing any item from this website, you enter into a contract with us on these terms. 2. OUR DETAILS Your contract for sale of items through this website is with Zara Home UK Limited, a company registered in England and Wales with registered office at Lumina House, 89 New Bond Street, London W1s 1DA, registered with the Companies House under company number 04906026, with VAT No. GB 821 122679 ("us"/"we"/"our"/"Zara Home"). Zara Home, part of the Inditex group of companies, sells items through this website under the OYSHO name. You may contact our customer service department by calling our freephone number 0808 234 0208, or filling out the contact form on our website, or by emailing us at [email protected].
    [Show full text]
  • The Taming of a Teen Emporium
    is betting outlets such as COS can help for two-thirds of Inditex revenue, it expand its appeal beyond budget- comprises just one-third of the com• conscious young shoppers. The plan pany's 7,300 stores. H&M, by contrast, is to add 80 stores from the company's only started diversifying in 2007, when half-dozen smaller brands this year, vs. it created COS-or Collection of Style. 350 more H&M outlets. That includes a It added three more youth-oriented new concept called Arket, a higher-end concepts in 2008 with the purchase of shop with clothing, home goods, and a Scandinavian retail group, then intro• a cafe serving Scandinavian-inspired duced the premium women's wear line dishes. The first Arket store-the name & Other Stories in 2013. Those brands means "sheet of paper" in Swedish, today make up less than 10 percent of a reference to starting with a blank the company's almost 4,400 stores. slate-is scheduled to open this fall on While H&M doesn't break out its London's Regent Street, followed by revenue, Bryan, Gamier & Co. analyst branches in Brussels, Copenhagen, and Cédric Rossi says sales from the smaller Fashion Munich. "This isn't like anything else brands account for about 5 percent of we have," says H&M Chief Executive the total. The Taming of a Officer Karl-Johan Persson. "It's a com• The new concepts aren't a bad idea, Teen Emporium pletely different expression." Rossi says, but it's more important to fix The push beyond the flagship brand the flagship brand.
    [Show full text]
  • The Inditex€Group
    Jelmoli / Inditex Press release Zurich / Geneva / La Coruña Ocober 10, 2001 18.00 Zara enters into Switzerland Thanks to the Jelmoli Group, which has provided two first class locations, Spain’s Inditex Group will enter Switzerland in Geneva. The arrival of the Zara and Oysho labels is going to enrich the fashion world. By teaming up with Zara, a group with more than 500 shops in 30 countries, Jelmoli, the retail property specialist, has proved its ability to attract a top international name to Switzerland. For Zara, which already has shops on 5th Avenue in New York, the Champs Elysées in Paris and Regent Street in London, Jelmoli has provided two prime locations, one in the city centre, in the Tour de l'Horloge buildings at the junction of Place du Molard and Rue du Rhône, the other in the commercial and leisure centre now being built next to the Geneva Stadium. Fashion for men, women and children will be offered on floor areas of respectively 1 700 m² and 1 500 m². Oysho, the lingerie label, will be present with a floor area of 250 m² in each point of sale. These openings, scheduled for the end of October 2002, mark the first stage of an expansion into the Swiss market. The Inditex Group : a success story The Inditex Group owns around a hundred companies, all focusing on textile design, production and distribution. Thanks to the success of its unique management methods, based on innovation and flexibility, Inditex has become an international leader in the world of fashion. The first Zara shop opened its doors twenty six years ago in La Coruña (Spain), where the group has its head offices.
    [Show full text]
  • Annual Results 2020 FY20 Results a Year Dominated by the Pandemic and Key to the Transformation of the Company Inditex Exceeds € 1.1 Billion Net Profit
    Annual Results 2020 FY20 Results A year dominated by the pandemic and key to the transformation of the company Inditex exceeds € 1.1 billion net profit Online sales increased by 77% in local currencies to €6.6bn, making Inditex a global leader in online fashion Zara 2 10 march 2021 The Group generated net sales of €20.4 billion in FY20 – from 1 February 2020 to 31 January 2021 – reducing the year-on-year decline to 28% or 25% excluding the foreign exchange impact. This was despite 100% of its stores being mandated to close or having restricted trading hours or capacity during periods of the financial year. Inditex’s executive chairman, Pablo Isla, said of the results, “Inditex has emerged stronger after such a challenging year thanks to the amazing commitment displayed by everyone here at the company”. Under this context, he underlined the relevance of “the digital transformation strategy initiated in 2012, which is built around the integrated store and online sales platform”. “Inditex as a company is stronger today than it was two years ago, with a unique business model and a global, flexible, digitally integrated and sustainable sales platform, which places us in an excellent position for the future”., Isla concluded During the year, Inditex launched its online sales platform in 25 new markets and opened new stores in 29. The Group’s eight retail brands are currently available online in 216 markets around the world, 91 of which offer the integrated store and online shopping experience. The fast deployment of the integrated stock management system (SINT), which is already available in 5,777 stores across 89 markets, has played a crucial role during the pandemic.
    [Show full text]
  • Inditex Strategy Report
    Inditex Strategy Report Jessica Vincent Phillip Kantor Daniel Geller April 19, 2013 Contents Executive Summary ................................................................................................................................................ 3 Company Background ............................................................................................................................................ 4 Business Model....................................................................................................................................................... 5 Retail Subsidiaries..................................................................................................................................... 6 Company Background ............................................................................................................................................ 8 Financial Analysis ................................................................................................................................................. 11 Profitability & Shareholder Returns ........................................................................................................ 11 Revenues .................................................................................................................................................. 11 Costs.........................................................................................................................................................12 Growth......................................................................................................................................................12
    [Show full text]
  • Christian Weber
    EOI Madrid - Escuela de Negocios Analysis of the Corporate Social Responsibility at the INDITEX Group Final Thesis within the International Master in Sustainable Development and Corporate Responsibility in 2007/08 Presented by: Juan Carnicero Gomez, Jorge Martínez Ortuño, Gonzalo Velasco Perez and Christian Weber Supervising Tutor: Jorge Serrano Paradinas Table of contents General Introduction – Proposition of the Thesis…………………………………..5 I. Study of the Evolution of the Group since the year 2000 1. Early History of Inditex…………………………………………………………..8 2. Financial and Economical performance……………………………………..10 2.1. Evolution of the Sales……………………………………………………… 2.2. Group‘s Turnover…………………………………………………………11 2.3. The Net Income…………………………………………………………….. 2.4. Number of Employees…………………………………………………...12 2.5. Stock Performance ………………………………………………………… 2.6. Business Diversification of the Inditex Group ……………………….. 13 2.7. International Expansion of the Inditex Group …………………………19 2.8. Evolution of the International Sales.……………………………………24 3. Market Analysis of the Garment Industry worldwide ………………………26 3.1. Market Definition …………………………………………………………… 3.2. The Global Apparel Chain ………………………………………………27 3.3. Production ………………………………………………………………..28 3.4. Cross-Border Expansion ………………………………………………..29 3.5. Retailing Strategies ……………………………………………………...30 3.6. General Apparel Market and Customer Trends ……………………...31 3.7. The European Apparel and Textile Market……………………………32 3.7.1. The EU quota limits for Chinese Textile Imports………………36 3.8. The Asian-Pacific Apparel & Textile Market…………………………..39 3.9. The U.S. Apparel Retail Market ………………………………………..40 3.10. The Spanish Apparel Retail Market ……………………………………41 4. Key International and National Competitors of Inditex……………………..44 4.1. Hennes and Mauritz……………………………………………………...45 4.2. The Gap…………………………………………………………………...47 4.3. Benetton Group ………………………………………………………….48 4.4. Grupo Cortefiel …………………………………………………………..50 5. Inditex …………………………………………………………………………...51 5.1.
    [Show full text]