NEW YORK — Jose Maria Castellano has resigned as vice chairman of Spanish retailer Inditex, parent of fast-fashion chain Zara.In a brief statement Friday, Inditex thanked Castellano for his "brilliant contribution" and long service at the retailer. Inditex said Castellano, who is credited as the architect of Zara's global success story, left for "personal reasons."In February, the company said it was reorganizing its top management, and named Castellano, who had been chief executive officer, as vice chairman. At the time, a spokesman for the retailer called the change "preparation for expansion plans" as it looked to double its size over the next five years.In June, Pablo Isla was named ceo of the company, succeeding Castellano. Amancio Ortega, Inditex's founder, remains chairman.Last week, the company reported a 40 percent gain in second-quarter profits. Results were fueled by store launches as well as a 4.5 percent gain in same-store sales. Net income for quarter ended July 31 rose to 121 million euros, or $154 million, as sales climbed 21 percent to 1.41 billion euros, or $1.8 billion. Results beat analysts' expectations.In the first six months of the year, Inditex opened 160 stores, and it plans to open between 400 and 450 stores. Zara accounted for 66 percent of Inditex's sales in the first six months. Sales at the chain grew 15 percent in the first half to 1.85 billion euros, or $2.4 billion. As of July 31, there were 762 Zara stores, which is up from 653 stores a year ago. The company said it was on track to open 125 to 135 Zara stores by yearend.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim