LONDON — Inditex and Asos.com showed Wednesday that there’s still a healthy appetite for fast fashion on high street, with both companies posting double-digit gains. French Connection, meanwhile, has put new strategies in place to resuscitate declining sales and profits.
Inditex, parent of brands such as Zara and Massimo Dutti, said net profit climbed 32 percent to 944 million euros, or $1.24 billion, in the first half ended July 31.
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)