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Zara's strong sales, Mulberry's profit warning, Elle's avatar, Low cost shopping

By
  • BoF Team

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 warningOpens in new window ]

(

Drapers

)

According to Mulberry, its profits for this year will fall short comapred to last year.

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Elle Magazine Gets Into The Avatar-Apparel BusinessOpens in new window ]

(

WSJ

)

Elle has recently "launched an apparel line for virtual world avatars."

Consumers Shift to Lower-Priced StoresOpens in new window ]

(

WSJ

)

This holiday season, more Americans are shopping at lower-priced stores.

Retailers hurt by prospect of leftover Christmas stockOpens in new window ]

(

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.
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