The tsar of Zara: How Amancio Ortega is staying dry in the retail storm

Fast fashion and high-street real estate keep the retailer ahead of the trends
By Francisco Alvarado | May 26, 2017 09:45AM

Zara’s largest store, 65,000 square feet, opened in April in Madrid’s financial center, Paseo de la Castellana

From the retail issue: Zara founder Amancio Ortega’s empire is rooted in retail, so it’d be no surprise if it were going the way of the current market: rapidly downhill. But as competitors like Bebe, BCBG Max Azria and the Limited fall like dominoes and corporate retailers shed real estate assets amid the great retail recession, Ortega appears to be headed in the opposite direction.

In April, Zara announced it would open its largest store, a 65,000-square-foot behemoth, in the heart of Madrid’s financial center, Paseo de la Castellana. The same month, the discount retailer announced its biggest location in the United Kingdom, a 41,731-square-foot storefront in London’s Westfield Shopping Centre. [more]