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.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion