PARIS — Inditex reported Wednesday that nine-month net profits and sales grew at a slower pace than in 2012, but it was steaming ahead with store openings and renovations, and planned to roll out its online platform in Mexico and South Korea in 2014.
The parent of fast-fashion brands including Zara and Massimo Dutti said net profit rose 1 percent to 1.67 billion euros, or $2.2 billion, during the period from Feb. 1 to Oct. 31. Net sales totaled 11.93 billion euros, or $15.76 billion, up 5 percent versus the same period a year ago.
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?"