Macy’s Inc. kicked off the second-quarter retail earnings season on a disappointing note with profits that fell short of analysts’ expectations.
Investors were troubled by a reduction in the retailer’s projected comparable sales for the year, contributing to a $2.81, or 4.7 percent, drop in the firm’s stock to $56.95 as New York Stock Exchange trading opened Wednesday.
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)