Shares of The Jones Group Inc. dropped 22 percent Wednesday after the firm, hit with an array of increased costs, missed third-quarter earnings expectations.
And Jones made it clear the higher prices it’s paying for raw materials, production and freight will persist and lead to higher prices at retail next year. Hanesbrands Inc., which reported strong third-quarter results after the markets closed Wednesday, also said higher retail prices are on the horizon.
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)