NEW YORK — J. Crew Group Inc., showing a decline in gross margin but picking up on the revenue side, said net income in the third quarter ended Nov. 2 rose 6.6 percent to $35.4 million from $33.2 million in last year’s quarter.
Adjusted earnings before interest, taxes, depreciation and amortization, which the company says is an important measure of its performance, rose 12 percent to $110.4 million, compared to $98.9 million a year ago.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)