1. With which of the international competitors listed in the case is it most interesting to compare Inditex’s financial results? Why? What do comparisons indicate about Inditex’s relative operating economics? Its relative capital efficiency?
GAP H&M Benetton Inditex
ROIC -0.15% 24.16% 11.20% 27.24%
Return on sales -0.06% 9.60% 7.05% 10.46%
COGS/sales 7
ⅠCharacteristics of theItalian Renaissance
Before the Renaissance
Black death
most devastating pandemic peaking in Europe
between 1348-1350
killing 75 million- 200million
-Spread of the Black death
-Political disorder
-Economic recession
So called “calamitous 14th century”
Renaissance
Renaissance?
meaning REBIRTH
a cultural movement of 14th
오늘날 영시의 아버지(The father of English poetry)라 불리리 만큼 영문학사상 위대한 업적을 남긴 Chaucer는 Homer, Virgil, Dante가 자신의 나라의 문학에서 차지하고 있는 것과 같이 영문학의 시조적인 지위를 차지하고 있다. 그의 작품으로는 'The Book of Duchess', 'Hous of Fame', 'Parlement of Fouls', 'Troilus and Criseyde'
the evolutionary sequence of Zara's globalizaion.
- 2001년 말 Zara는 가장 국제적인 기업이 되었고, Inditex's Chain에서 가장 큰 규모를 차지했다. Zara는 스페인을 제외하고 32개국에서 282개의 매장을 운영했다. 이 중에서 유럽지역에 186개, 북아메리카에 35개, 남아메리카에 29개, 동아시아에 27개, 일본에 5개가 위치했
the company in the early 1980s and purchased it a few years later. It was during his travels to Italy that Schultz discovered the appeal of the espresso bar. He believed strongly that he could re-create theItalian coffee-bar culture in America. From its original, single store, Starbucks has emerged as an unparalleled name that is virtually interchangeable with the word coffee. Starbucks is now a