Inditex, Europe's biggest clothing retailer and owner of the Zara chain, posted a smaller -than-expected fall in nine-month net profit and said sales growth had edged up heading into the key Christmas period.
Shares of luxury retailers may have rebounded too strongly from lows hit last March, hedge fund manager Shawn Kravetz said, saying he is taking a wait-and-see approach to see if they fall back to attractive investment levels.
On the back of its catalogue and online sales success, ladieswear brand Lipsy has become more interested than ever before in the French market. This interest extends to the aim of having 300 points of sale in the country in three years time.
Sales at Fast Retailing's Uniqlo casual-clothing chain rose 7.9 percent in November from a year earlier, bucking an industrywide slump, as cost-conscious shoppers flocked to its heat-retaining "Heattech" shirts and other winter items.