NEW YORK — Inditex Group’s first-quarter profits expanded 20 percent on strong sales and gross margin gains.
For the three months ended April 30, the Arteixo, Spain-based operator of the Zara’s, Bershka and Oysho nameplates, among others, reported net income of 98.5 million euros, or 16 euro cents a share, versus 82.1 million, or 13 euro cents, a year ago. In dollars, earnings were $121.1 million, or 19 cents, up from $88.7 million, or 14 cents, last year. Euros have been converted to dollars at average exchange for the corresponding periods.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"