PARIS — Inditex, the Spanish retailer that runs the Zara chain, on Wednesday reported better-than-expected third-quarter profits, but disappointing sales as business cooled in Spain.
Net income in the three months through October advanced 27 percent to 432 million euros, or $601.2 million, as sales grew 15 percent to 2.59 billion euros, or $3.6 billion, led by store openings in Europe and Asia. Currency conversions were made at average exchange rates for the period.
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)