A hint of caution about the upcoming fiscal year slowed the pace of Nike Inc.’s third-quarter victory lap.
The Beaverton, Ore.-based sports footwear and apparel giant topped Wall Street estimates for profits, sales and futures orders and boosted its gross margin as its Nike brand sales topped $6.5 billion, its Nike footwear sales in the period expanded 14.5 percent and its apparel sales grew 9.7 percent.
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)