BoF Daily Digest | Zara's strong sales, Mulberry's profit warning, Elle's avatar, Low cost shopping

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.