This document discusses two major clothing retailers, Abercrombie & Fitch and Zara. It notes that Abercrombie & Fitch focuses on casual wear for 18-22 year olds and operates 300+ stores in the US and is expanding internationally. It also runs 3 offshoot brands. The document then discusses Zara, owned by Spanish billionaire Amancio Ortega, which can develop new products in just 2 weeks compared to the industry average of 6 months and launches 10,000 new designs per year. Zara also resists outsourcing production and prefers to reinvest revenue in new stores rather than advertising.