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Fast Fashion Giant Touches The Net: First Mount Again Perfect

2010/10/1 18:08:00 126

Fashion Sales Online Shop

The first item has not been sold on the internet yet.

T-shirt

International fast fashion giant

Zara

It already has a huge influence on the Internet. Compared with many other fashion retailers, it has more Facebook followers and more apps on iTunes.

But only when the first online store of the flagship brand of Inditex SA opened on Thursday did the test begin.


According to research firm Sanford C. Bernstein, this Spanish is expected.

Latest fashion

After three years, the sales volume of the network will reach 2 billion euro, or 2 billion 500 million US dollars.

Its closest competitor, Gap Inc, last year's sales of online stores and catalog sales amounted to 1 billion 120 million US dollars, accounting for 8% of its US sales.


fast

fashion

Brands are touching the net.


Inditex group's leading brand, Spain's low fashion giant Zara will open online stores in six European countries in September 2nd, hoping to promote its turnover through the channel of this competitive brand.

The first countries to be landed include Spain, Germany, France, Italy, Portugal and the United Kingdom, which account for about 40% of their total sales.

By 2011, it will be the United States, Japan and South Korea.


The move came into being in the background of a large number of fashion giants competing for the development of Internet business.

Gap group, the world's second largest apparel giant, began expanding its online store business in 55 countries outside the United States in August 12th, and promised to increase to 65 countries by the end of 2010.


Sweden's H&M group, the world's third largest group, has launched online sales in seven countries such as Germany as early as 1998, and the group plans to enter another leading market in September 16th.


Zara is the last fashion brand that touches the net. It is a bit surprising that this fashion brand, which is famous for its fast fashion, will update its shelves every two weeks.


But now that fashion is not yet ripe, fashion is only beginning to attract online consumers.


According to industry estimates, clothing sales in 2009 account for only 2.5% of e-commerce turnover in Spain, and only 5.6% in France.


Another cheap fashion brand in Spain, Mango, also had Internet access as early as 2000, but its sales in this channel account for only 1% of its total revenue.


Gap performed better. Last year, it recorded US $1 billion 100 million in net sales, accounting for 7.7% of its turnover, but this is relatively mature in the US market.


The net sales of mango are expected to increase six times in three years, and the trend of the Internet has become popular.

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Clothing online shopping market is more mature


In a recent survey conducted in 55 countries by Nelson, a market research firm, Nielsen showed that clothing ranked second in the products that netizens wanted to buy, just behind books, before airline tickets.


NathalieGenn rat, a consultant at the French Fashion Institute, said that the Zara touches "can be seen as a great expectation, because Internet clothing sales are prevailing now." she pointed out that nearly 10% of clothing sales in the UK have been through online shopping.


She also pointed out that there were still some obstacles, especially fitting clothes, which could not be realized in virtual shops.


JacquelineAnderson, an analyst at Forrester, said, "there is also a freight problem" and a return problem, but "now the enterprises are more anxious for customers, and they will be free of freight or improve the way of return according to a certain amount."


Zara said it hoped to "copy its store buying experience to the Internet". 100% of the products were sold in online stores and the same price as the physical stores. The company expanded the online store to 77 countries in the world where the brand is currently located.


It is reported that after the opening of GAP Beijing and Shanghai stores, its online shopping channels in the Chinese market will also be opened, which will enable consumers in other cities to purchase GAP products synchronously.


Net will not lead to physical stores eliminated


The brand can be described as everything except for Dongfeng: its website launched in Facebook in 2009 attracted 4 million 400 thousand fans at present.

The iPhone application specifically introducing brand fashion has been downloaded 2 million times.

Although its official website did not provide shopping services, it still recorded 33 million 500 thousand visits in 2009.


The Inditex group sees it as a "critical step" and believes that the website that can be viewed through mobile phones will not lead to the elimination of physical stores, but on the contrary, it will increase sales.


Zara's turnover accounts for 3/4 of Inditex group's revenue, while the group has seven other brands such as MassimoDutti, but its market popularity is far lower than that of Zara.

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