Spanish retail giant Inditex said it plans to launch a web site next month for Zara in India, a fast-growing market that foreign retailers are eager to tap into.Inditex has an online business in around half of the 94 markets where it operates.Its plans to add India mark an important step in a market where retailers keen to do business with an exploding middle class face the challenge of an underdeveloped infrastructure. Zara opened a flagship in Mumbai in the second quarter, which Inditex considers important for projecting its image in India and plans to launch the web site on Oct. 4.The store has outpaced its other units in the country, Inditex executives told analysts in a conference call on Wednesday following the publication of its first-half results. The company has a total of 20 Zara stores in India, along with two stores for its Massimo Dutti brand.Inditex said profit rose 9 percent in the first half of the year to 1.37 billion euros, as all regions clocked sales growth.Revenues at the world’s biggest clothing retailer climbed 11.5 percent over the period to reach 11.67 billion euros, with new store openings in 35 countries over the period. On a like-for-like basis, sales for the Zara owner rose 6 percent.The performance reflected the “strength and sustainability of our integrated off-line/online store model,” Inditex chairman and chief executive Pablo Isla said.“Regarding online…this is an attractive proposition all over the world. We have next-day delivery now in most cities in the world, and we are beginning to introduce same-day delivery in Madrid and the idea is to expand to other cities,” noted Isla in the conference call.“This fully integrated approach is a key characteristic of our online offer and we think it is relevant and has significant online growth prospects,” Isla added, citing in-store delivery and the ability for consumers to order online in the stores.The company’s first-half gross margin — a key indicator of profitability — stood at 56.4 percent, down 40 basis points from the same period in 2016, a decline it blamed on a series of factors, including an earlier drop for the fall collection and pressure from foreign exchange rates. They project a stable gross margin for the full year, which the company defines as varying by no more than around 50 basis points.The performance fell slightly below expectations, Barclays said in a note to clients Wednesday, pointing to foreign exchange rates and a challenging retail environment.“However, we tend to think that bringing forward new collections was a sensible move, at a time when H&M was aggressively discounting spring-summer inventories, rendering the competition more intense and summer sales less profitable,” Barclays analyst Julian Easthope wrote in a note.International retailers based in Europe are being eyed for signs of how much the strong euro may dent business, and Inditex executives noted strong currency movements in recent months.Swedish rival H&M last week in its quarterly sales report cited steep markdowns over the summer as weighing on business.Inditex said sales in local currencies in stores and online have grown 12 percent between August and September 2017.
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
“I genuinely fell in love with water, I fell in love with Fiji, I fell in love with the whole life that we lived for those few months,” says @mrsamclaflin of filming for his new movie “Adrift” with @shailenewoodley. The 31-year-old actor spoke with WWD about his upcoming projects, meeting Jamie Dornan and working with co-star Woodley. #wwdeye (📷: @jamstoker)
3 years ago, fans of the late singer Aaliyah started calling for a collaboration with @maccosmetics. With the strength of social media — including mock ups of products — 25,000 people signed a Change.org petition for a limited-edition collection, and MAC couldn’t ignore the buzz. Tomorrow, MAC will unveil MAC x Aaliyah, a tribute to the singer who passed away nearly 17 years ago. Head to our stories to preview the new collection, which was worked on by Aaliyah’s family and inspired directly by her makeup bag. #wwdbeauty
Artistic director @clarewaightkeller will be dedicating @givenchyofficial’s fall 2018 couture show in Paris on July 1 to house founder Hubert de Givenchy, who passed away in March at age 91. Givenchy said the collection would be “an homage to his iconic creations, technique, and personal lexicon” and a “celebration of his timeless elegance and grace.” Head to WWD.com to read more. #wwdfashion (📷: Delphine Achard)
La Double J made a name for itself with its vintage-inspired prints, but for resort, designer JJ Martin has ventured into new territory: enter rich jewel toned solids and decadent embellishment, in the form of appliqués, crystals and sequins. #wwdfashion #resort19 #ladoublej
This Just In: J. Crew Group has named Johanna Uurasjarvi as its chief design officer.
Uurasjarvi succeeds Somsack Sikhounmuong, who left the company last September. Tap the link in bio for the full report. #wwdnews
“She came into my hotel room and she was like, ‘I have Chanel and Christian Dior.’ She was like, ‘Chanel likes you.’ And I was like, ‘I’m going to start crying,’” breakout star Maddie Hasson tells WWD of her styling sessions Molly Dickson. “I really like classic, elegant things. I love the way Anna Wintour dresses.” Read more about Hasson’s role in @impulseseries on wwd.com. (📸: @jgreenery ) #wwdeye
@virgilabloh revealed he's working with Australian stylist and
Vogue Australia fashion director @christinecentenera for his debut @louisvuitton men's collection, which will be presented in Paris on June 21. Centenera met Abloh while both working with Kanye West, where she consulted on his all his runway collections since his debut spring 2012 women's wear show. Read the full story on WWD.com. #wwdfashion #wwdnews (📷: @asussmanphoto)