Company Snapshot: Zara USA Inc.
500 5th Ave
New York, NY 10110
AZ, CA, CT, DC, FL, GA, IL, MD, MA, NV, NJ, NY, PA, PR, TX
Moises Costas, CEO
Zara sells trendy men’s and women’s clothing. The fast-fashion retailer is expanding in the United States. New stores are planned for New York and other markets this year.
Fast-fashion brands like Zara are challenging traditional specialty retailers. The company’s strategy involves stocking very little and updating collections often. Unlike brands that update only once a season, Zara restocks with new designs twice a week.
Zara’s parent company is Inditex and is based in Spain. Inditex recently announced profits in the first quarter jumped by an impressive 28%. Sales were up by 14%.