IBERIAN IMPROVEMENT: Inditex, the Spanish retailer that owns Zara and five other branded apparel chains, on Thursday reported that net income during the first nine months of 2002 increased 31 percent to $276.8 million as net sales rose 25.8 percent to...
IBERIAN IMPROVEMENT: Inditex, the Spanish retailer that owns Zara and five other branded apparel chains, on Thursday reported that net income during the first nine months of 2002 increased 31 percent to $276.8 million as net sales rose 25.8 percent to $2.77 billion. For the third quarter, sales advanced 27.7 percent to $1.2 billion. Dollar figures have been converted from the euro at current exchange rates. The firm attributed the increase to "both like-for-like sales growth and the greater number of existing stores." Inditex inaugurated 199 stores through the third quarter and expects to open another 66 to 86 units by the end of its fiscal year. As reported, Inditex’s first-half sales increased 25 percent to $1.67 billion. Meanwhile, in a separate statement, Inditex announced it would donate $6.1 million to victims of the ecological catastrophe caused when the oil tanker Prestige sank and spilled its cargo last month off of Spain’s northwestern coast. Fishing is one of the main sources of livelihood for people living along the Galician coast. Madrid has already banned fishing in the area.
NEW MANAGER AT ADVANSTAR: Marilyn Harrington has been named general manager of Advanstar Communications Inc.’s East Coast Fashion Group, which includes the trade shows Femme, International Fashion Fabric Exhibition and I-TexStyle in New York. Harrington succeeds Deborah Baum, who left the company Nov. 8. Harrington, who most recently was general manager at Primedia Business Exhibitions, brings more than 13 years in trade show management experience to her new position. She reports to Joe Loggia, president and chief operating officer of Advanstar and president of MAGIC International.
NEW HIRE AT DONEGER: Retail buying and consulting firm The Doneger Group has hired Sherri Mitzmacher as a market specialist in charge of moderate career and coordinate sportswear. Mitzmacher was most recently a buyer for women’s large-size denim and casual woven sportswear at Added Dimensions, a division of Charming Shoppes Inc. She will report to Kathy Bradley-Riley, merchandise manager for sportswear at Doneger.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews