Spain’s Inditex SA, owner of the Zara retail chain, beat analysts’ expectations with a 12 percent rise in net profits in fiscal 2011, and said it planned to continue expanding this year with both physical and online stores, including a Zara e-commerce site in China.
Europe’s largest clothing retailer registered net profits of 1.93 billion euros, or $2.68 billion, between Feb. 1, 2011, and Jan. 31. Its sales increased 10 percent to 13.79 billion euros, or $19.15 billion. The gross margin stood at 59.3 percent of sales, unchanged from the previous year.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"