Spain’s Inditex SA, the owner of the Zara retail chain, boosted confidence in a rebound in consumer spending with a 63 percent jump in net profit during the first quarter.
Europe’s largest clothing retailer posted net profits of 301 million euros, or $408 million, in the three months ending April 30, exceeding analysts’ expectations and sending the stock price up 7.5 percent to 47.19 euros, or $56.37, by the close of trading on Wednesday.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)