As part of Coresight Research’s Head-to-Head series, we compare H&M and Inditex (the owner of Zara), two of the biggest players in the global apparel specialty retail sector. We provide insights into five key elements of their businesses, including business model, financial metrics, distribution channels, environment, social and governance (ESG) goals, and technology innovation.
H&M and Inditex: Split of Factory Locations–Proximity Locations vs. Other**
*H&M data are for manufacturing factories only, excluding processing factories and fabric/yarn factories
**Proximity locations include Europe, Turkey and North Africa, while Other comprises Asia, Americas and Oceania
Source: Company reports/Coresight Research
H&M vs. Inditex: Operating Margin from FY15–20 (%)
H&M’s fiscal year ends on November 30 and Inditex’s ends on January 31
Source: Company reports
H&M and Inditex: Inventory Turnover Ratios by Quarter
H&M’s fiscal year ends on November 30 and Inditex’s ends on January 31
Source: Company reports/Coresight Research
H&M and Inditex Worldwide Store Numbers, FY2015–2021E
H&M’s fiscal year ends on November 30 and Inditex’s ends on January 31
Source: Company reports/Coresight Research
H&M vs. Inditex: E-Commerce Penetration (% of Total Sales), FY18–20
*Coresight Research estimate of H&M’s e-commerce penetration
Source: Company reports/Coresight Research