MADRID, Spain — Spanish fashion retailer Inditex, which owns Zara stores, says its net profit fell by 7.3 percent in the first quarter as a strong euro dented earnings in other currencies.
RIO DE JANEIRO, Brazil — Sao Paulo-based Alpargatas SA, the maker of the Havaianas brand, joins companies including Nike Inc. and Fiat SpA that are forgoing FIFA sponsorships to focus on clever ads to generate World Cup buzz.
NEW YORK, United States — Abercrombie & Fitch Co., the teen apparel chain that’s retooling its image in an effort to revive sales growth, named a British retail executive as the new president for its namesake brand.
MUMBAI, India — Online retailers jostling for a chunk of India's $13 billion e-commerce trade are so desperate to avoid snarled roads and inefficient railways that they fly their packages in the passenger cabin of costly commercial flights. The cargo, however, often gets bumped off.
BoF compiles the most important professional moves of the week.
ZURICH, Switzerland — Swatch Group AG, Switzerland’s largest watchmaker, will probably fall short of double-digit revenue growth this year amid unfavorable foreign exchange rates, Chief Executive Officer Nick Hayek said.
Earlier this week, BoF’s Imran Amed went inside JW Anderson’s burgeoning fashion brand just after the designer had unveiled a new head office and studio, hired his first CEO and announced the launch of his first retail channel. Now, the full video of the exclusive interview is online.
MILAN, Italy — Prada SpA, the Italian maker of $2,950 leather handbags, reported first-quarter profit that missed analysts’ estimates, weighed down by the strength of the euro and falling sales in Europe and Asia.
COLUMBUS, United States — L Brands, owner of Victoria's Secret and Bath & Body Works, said Thursday that sales at stores open at least a year rose 3 percent in May, which is better than most projections.
NEW YORK, United States — J. Crew Group Inc., the retail chain that may be considering a U.S. initial public offering, said it may record a non-cash impairment charge if its operating results continue to decline.
LONDON, United Kingdom — Asos Plc lowered its profitability forecast for the full year as the U.K.’s largest online-only fashion retailer reported slowing sales growth, with revenue abroad held back by a rising pound.