Store closings and severance charges, including those to its former chief executive officer, contributed to a first-quarter loss at Kenneth Cole Productions Inc.
The firm said Wednesday that, for the three months ended March 31, the loss was $17.2 million, or 94 cents a diluted share, against earnings of $1.8 million, or 10 cents, in the year-ago quarter. Store closings and severance charges for the current quarter were $16 million, partially offset by $3.5 million in deferred rent income.
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)