The Gap, Inditex and H & M come from accounting environment and different laws. Although H & M is a multi-national enterprises, they have been listed on the Stockholm stock market in Sweden and so using International Financial Reporting Standards (IFRS) as approved in Europe to present Financial reports its top in both English and Swedish. The financial statements are reported in Swedish kronor contract, this amount has been used as functional currency of the company. Because the retail industry is less capital intensive, most companies do not have any facility listed in foreign stock exchanges (Daniels, Radebaugh & Sullivan, 2015).
Zara is listed only on stock market of his country, Spain, including Madrid, Barcelona, Bilbao, Valencia, and automated quotation system. Consistent with national list, The Gap, founded in the US in 1969, only to be listed on the New York Stock Exchange (NYSE) (Daniels, Radebaugh & Sullivan, 2015) .2015).
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