After reporting a $26.7 million loss in the second quarter and its third straight quarter of double-digit sales declines, Abercrombie & Fitch Co. said it is working to enliven its fashion mix and lower prices.
The New Albany, Ohio-based company has sought to protect its brand and avoid promotions even as consumers opted for less-expensive fashions, but chairman and chief executive officer Michael Jeffries said the teen retailer is beginning to adjust its strategy.
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)