Net-a-Porter gives details of discount venture (Drapers) As revealed in BoF’s exclusive interview with Natalie Massenet in November, Net-a-Porter will launch a discount e-Commerce venture called Outnet.com. Milan’s Choice: Appeal to Reason or the Gut? (WSJ) In order to lure customers, designers in Milan employed polarising design strategies. Mulberry to beat expectations (Drapers) According to Mulberry, the holiday
Zara owner Inditex posts strong sales (Drapers) Despite the volatile market conditions, Inditex has posted a net sales increase of 11 percent this year. Mulberry issues profit warning (Drapers) According to Mulberry, its profits for this year will fall short comapred to last year. Elle Magazine Gets Into The Avatar-Apparel Business (WSJ) Elle has recently "launched an apparel line for virtual world avatars." Consumers Shift to Lower-Priced Stores (WSJ) This holiday season, more Americans are shopping at lower-priced stores. Retailers hurt by prospect of leftover Christmas stock (FT) Many retailers have entered the Holiday selling season with a lot of merchandise in stock which could significantly hurt their profitability down the road. Photo courtesy of Zara.