Savvy, deal-hungry shoppers are shirking price hikes — at least at Abercrombie & Fitch Co.
The teen retailer was unable to get consumers to buy enough fashions at higher prices to sufficiently offset rising commodity costs and as a result missed Wall Street’s third-quarter earnings projections by a hefty 14 cents a share, causing its stock to plummet 13.6 percent to $48.10.
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)