PARIS — Boosted by retail expansion and market share gains in women's wear, French retailer Groupe Galeries Lafayette on Wednesday said profits rose 22 percent last year and revealed plans to launch its first online flagship.
Net profits for the group — which includes the Galeries Lafayette, BHV, Monoprix and Laser businesses — reached 256 million euros, or $350.9 million at average exchange, in the year ended Dec. 31 from 210 million euros, or $287.9 million, the previous 12 months. As reported, sales rose 6.5 percent to 4.96 billion euros, or $6.8 billion. Operating margins increased 8.7 percent.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)