D.A. Davidson Companies’ Post

Ortega: The Reclusive Billionaire Behind Zara's Success 🌟💼 #Zara #Success #Billionaire The video transcription highlights the success of Zara, attributing it to Amancio Ortega's meticulous attention to detail and trend anticipation. Ortega's ability has led to a $97.8 billion fortune, making him one of the most reclusive billionaires globally. His strategic approach has been crucial in Zara's success, solidifying its reputation as a leading brand in the fashion industry. Ortega's unique skills and business acumen have set him apart in the business world, showcasing the importance of foresight and precision in achieving significant success. #viral #Zara #success #billionaire #trends #fortune #reclusive #Ortega #attentiontodetail #vizard

Temu vs Shein Industry Alert! 🌍🛍️ In a significant move, Temu, the emerging force in ultrafast fashion, has taken legal action against SHEIN, its formidable rival. Allegations of "mafia-style" tactics employed by Shein to impede Temu's growth, including intimidation and baseless lawsuits, are at the center of the dispute, according to the The New York Times. After its launch in September 2022, Pinduoduo's international online marketplace Temu enjoyed enormous success. In May 2023, Temu generated approximately 635 million U.S. dollars in gross merchandise volume, a drastic increase over its September 2022 GMV three million dollars. By July 2023, Temu started to serve 15 countries and regions, mostly in North America and Europe. 📈 As this legal battle unfolds, it shines a spotlight on broader concerns surrounding ethics and fair competition within the fashion industry, transcending national boundaries. Cross-Border Commerce Europe echoes these sentiments, emphasizing the importance of maintaining fair practices and integrity in the global marketplace. 🤝 Deep dive our Top 100 Global Marketplaces report 2023 to discover more about these two actors 👉 : https://lnkd.in/dPjGCXak #FashionIndustry #TemuVsShein #RetailCompetition #Crossbordercommerce 📈 

Shein, the online fashion retailer is now reportedly considering listing in London after its efforts to list in the US do not seem to be coming to fruition. Chinese companies listing in the US have become an increasingly contentious matter over the past few years as the conflicting requirements set out by the US and the Chinese authorities have created some intractable situations for IPO candidates. In fact, the information disclosures required by the US financial markets regulators have often clashed with the data transfer prohibitions set out by the Chinese data protection and data security supervisors. The botched Didi listing in 2022 is an exemplary case of the above. The issues around Chinese companies wishing to list in the US are a stark confutation of the DERISKING vs DECOUPLING narrative according to which only sectors relevant to national security or civil liberties are going to go their different ways in the West and in China. In fact, since technology is increasingly pervading traditional industries fueled by data, data security will inevitably cause widespread decoupling. Mitigating geopolitical confrontation seems the only way to decreasing economic risk.. #ipo #china #shein #fashion #dataprotection #datasecurity #didi #geopolitics #cybersecurity

It appears that Donald Tang, chair of fast-fashion retailer Shein, got in trouble with the Chinese authorities for suggesting that the company, despite being born in China, was American at heart. The offensive (and now mostly suppressed) words? “It is about innovation, it is about freedom to express individuality, it is about fair play, fair competition, rule of law, all these things that we stand for is exactly what United States ethos are,” Tang said. “So if you look at it that way, we are an American company.” Fair enough? It's a matter of opinion. But according to the FT, Shein's perceived efforts to "de-Chinafy" itself do not sit well with Beijing who may now derail the company's approval for an IPO in the west. This is a good example of why public equity investors should be wary of their portfolio's exposure to authoritarian countries. Autocrats are not constrained by the rule of law, electors, a free press or civil society. Their main concern is to stay in power, not economic prosperity. With autocracy on the rise across the world, TOBAM's research suggests that public equity investors can improve risk-adjusted returns in the long run by staying away from autocratic countries. We named the approach LBRTY®. #TOBAM #LBRTY #InvestmentStrategy #GeopoliticalRisk #Autocracyrisk

𝘼𝙢𝙖𝙣𝙘𝙞𝙤 𝙊𝙧𝙩𝙚𝙜𝙖'𝙨 𝙎𝙩𝙞𝙩𝙘𝙝𝙚𝙙 𝙋𝙖𝙩𝙝 𝙩𝙤 𝙕𝙖𝙧𝙖 𝘽𝙡𝙞𝙨𝙨 👕 We know Amancio Ortega as the reclusive Spanish billionaire behind Zara's global fashion empire. But his path from humble beginnings to the top is a fascinating tale most haven't heard: 👦🏻At 13, Ortega landed his first job as a 𝙥𝙤𝙧𝙩𝙚𝙧 𝙛𝙤𝙧 𝙖 𝙡𝙤𝙘𝙖𝙡 𝙨𝙝𝙞𝙧𝙩 𝙢𝙖𝙠𝙚𝙧, quickly learning to stitch, make patterns and handle machinery. His relentless work ethic was forged early. 💸 In 1963, Ortega pooled just $𝟴𝟬𝟬 in life savings to open a tiny lingerie shop called Goyain Coruña. He was so cash-strapped, he couldn't even afford 𝙖𝙣 𝙞𝙧𝙤𝙣 and had to press garments with a heating device of his own makeshift design. 🏭 Early on, Ortega pioneered a radical "𝙨𝙩𝙞𝙩𝙘𝙝 &𝙨𝙞𝙩𝙘𝙝" philosophy where he continuously adjusted clothing designs and production to quickly capitalize on emerging trends. An approach that gave birth to Zara's lightning-fast supply chain. 💻 While other retailers relied on archaic practices, Ortega was an early tech adopter. In the 1980s, he began using an incredibly advanced 𝙞𝙣𝙫𝙚𝙣𝙩𝙤𝙧𝙮 𝙢𝙖𝙣𝙖𝙜𝙚𝙢𝙚𝙣𝙩 system unheard of in fashion at the time. 🕴️ Known for being intensely private, Ortega avoided cameras/media his entire career. He 𝙧𝙖𝙧𝙚𝙡𝙮 𝙜𝙖𝙫𝙚 𝙞𝙣𝙩𝙚𝙧𝙫𝙞𝙚𝙬𝙨, let his employees take vacations, and split his investments across dozens of holding companies to deflect attention. 🤫 One of Ortega's biggest secrets? His meticulous avoidance of any outside investors to preserve full control of Zara's operations and culture, something he fiercely protected. Ortega's path had more hurdles than we know, but his gritty hustle, forward-thinking and zealous control freak tendencies built one of history's greatest self-made retail empires, tailored to perfection. What about Ortega's rags to $85B riches tale resonates most? Share below! Up next: Steve Jobs untold founding story of Apple that will blow your mind. Stay tuned!

🚩 Zara, once again, you've crossed a line. 🚩 Having roots near Inditex's base in Arteixo, A Coruña, I've watched the company with a critical eye. It's very often they are involved in some sort of controversy and being so close to home it's inevitable to feel a personal connection to these issues. When I say often I mean all the time. Zara's recent "The Jacket" campaign? It's not just in bad taste – it's a whole new level of insensitivity. We're not talking about a simple mistake or an unfortunate coincidence here, especially after reading their latest statement. As a brand, if this genuinely wasn't intentional, wouldn't you be MORTIFIED? Intentional or not, the outcome is appalling. And their response doesn't even begin to address the gravity of the situation. This isn't just about a single campaign; it's about a pattern of questionable decisions and a glaring lack of sensitivity and cultural awareness.

🥊𝑻𝒉𝒆 𝒈𝒍𝒐𝒗𝒆𝒔 𝒂𝒓𝒆 𝒐𝒇𝒇! 📰 I covered PinDuoDuo and Temu yesterday, and just a few hours ago, Temu initiated a lawsuit in the United States against its fast-fashion competitor, SHEIN. The claim asserts that SHEIN's anti-competitive practices have intensified. Alleged actions include unlawfully detaining merchants, forcefully confiscating their phones, extracting Temu's merchant account information from those phones, pilfering business data, and coercively pressuring merchants to refrain from conducting business with Temu. Furthermore, SHEIN is accused of "abusing legal procedures" by initiating multiple lawsuits against Temu overseas using controlled pseudonyms. 🔍 If proven true, these accusations could have devastating consequences for SHEIN, potentially leading to hefty fines, reputational damage, and even market restrictions. The renewed legal battle not only casts a dark shadow over the fast-fashion industry but also raises serious concerns about fair competition and ethical business practices in the global marketplace. In my opinion, this legal suit between Temu and SHEIN has several implications: ▶ The renewed lawsuit indicates an intensifying competition between the two fast-fashion giants in the US market. ▶ Allegations of Anti-Competitive Practices raise concerns about potentially unfair market practices. ▶ Both companies could face penalties or restrictions depending on the court's decision ▶ Prices might increase due to increased competition and potential restrictions on suppliers 🚀 This legal suit is a significant development in the online retail landscape, highlighting the need for ethical practices and innovation within the fast-fashion industry. While the future remains uncertain, the legal battle is likely to attract significant attention and scrutiny, potentially leading to positive changes in the industry. ❓ How do you believe such disputes impact consumer trust and the overall landscape of online retail? Img src: The Guardian _____________________________________ 💡 𝘗𝘭𝘦𝘢𝘴𝘦 𝘭𝘪𝘬𝘦 & 𝘴𝘩𝘢𝘳𝘦 𝘪𝘧 𝘺𝘰𝘶 𝘧𝘰𝘶𝘯𝘥 𝘮𝘺 𝘢𝘳𝘵𝘪𝘤𝘭𝘦 𝘦𝘯𝘫𝘰𝘺𝘢𝘣𝘭𝘦 𝘊𝘭𝘪𝘤𝘬 𝘵𝘩𝘦 🔔 𝘵𝘰 𝘳𝘦𝘤𝘦𝘪𝘷𝘦 𝘯𝘰𝘵𝘪𝘧𝘪𝘤𝘢𝘵𝘪𝘰𝘯𝘴 𝘰𝘧 𝘮𝘺 𝘭𝘢𝘵𝘦𝘴𝘵 𝘱𝘰𝘴𝘵𝘴 & 𝘧𝘰𝘭𝘭𝘰𝘸 𝘮𝘦 𝘰𝘯 https://lnkd.in/g4u3YWhW   𝘐 𝘴𝘩𝘢𝘳𝘦 𝘪𝘯𝘴𝘪𝘨𝘩𝘵𝘴 𝘢𝘣𝘰𝘶𝘵 𝘊𝘩𝘪𝘯𝘢'𝘴 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘵𝘳𝘦𝘯𝘥𝘴, 𝘊𝘩𝘪𝘯𝘦𝘴𝘦 𝘤𝘶𝘭𝘵𝘶𝘳𝘦, 𝘴𝘢𝘭𝘦𝘴 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘦𝘴, 𝘮𝘰𝘵𝘪𝘷𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘵𝘪𝘱𝘴, 𝘦𝘧𝘧𝘦𝘤𝘵𝘪𝘷𝘦 𝘮𝘢𝘯𝘢𝘨𝘦𝘮𝘦𝘯𝘵 𝘵𝘦𝘤𝘩𝘯𝘪𝘲𝘶𝘦𝘴, 𝘦𝘯𝘵𝘳𝘦𝘱𝘳𝘦𝘯𝘦𝘶𝘳𝘴𝘩𝘪𝘱 & 𝘵𝘩𝘦 𝘭𝘢𝘵𝘦𝘴𝘵 𝘵𝘦𝘤𝘩𝘯𝘰𝘭𝘰𝘨𝘺. #china #ecommerce #shein #temu #fashion #ccpn

Really interesting article from WSJ about Inditex's (owner of ZARA SA) approach to physical retail. While many other retailers try to predict next year’s trends and order stock from suppliers six to nine months in advance, Zara watches trends develop and can then get new designs onto its shelves within weeks. They have a threefold approach: 1. Allow individual store managers to be decision-makers and agile, where not only do they decide which products to carry and how to merchandise them, but they also give feedback on new designs and make suggestions for future products. 2. Empower them with data about their own store's performance but more importantly of "Mirror Stores," where every Zara store is digitally linked with other comparable Zara locations, so managers can set a benchmark for their shop's performance as well as a method for comparing consumer behaviors and quickly shift their approach. 3. Manufacture clothes in or near Spain rather than in Asia, reducing the time it takes new designs to get from the drawing board to the shop floor. Great article Trefor Moss!

Zara's success can be attributed three principles which are closing the loop . sticking to a rhythm and leveraging their assets. They made investment in information and communication technology , Unlike many other fashion companies that outsourcing their production , Zara controls every aspect of its supply chain. From designing to putting them on shelves they need only 15 days. Because Zara keeps all operations in-house , this approach and flexible communication across the entire organization, facilitating faster decision-making and reducing lead times. It also gives Zara power to control their quality , productivity and capacity. Zara store managers and employees have direct influence on commodity selection and inventory management. The feedback giving to all sections from customers to the designers allow them create fast fashion designs. Zara has achieved success with adopting innovative approaches to their supply chain . Many companies have achieved success by moving away from conventional business models such as Uber , they changed traditional taxi industry , Netflix , they transformed the movie and entertainment industry by shifting from movie DVD's to online paid platform, Changing the traditional norms make them respectful and unique in their industries.