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.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)