PARIS — Inditex Group, the Spanish retailer that runs the Zara chain, on Wednesday reported a 3.1 percent decline in second-quarter profits as business in its key Spanish market toughened.
The fast-fashion giant, which also runs the Pull and Bear, Massimo Dutti and Bershka stores, said net income in the three months through July reached 187 million euros, or $293.6 million, below most analysts’ estimates.
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)