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 has recently "launched an apparel line for virtual world avatars."
This holiday season, more Americans are shopping at lower-priced stores.
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.