Faster flow, fewer logos, and a sharper focus on runway and street looks. That’s a big part of the fashion fix at Abercrombie & Fitch Co., which has appeared to turn a corner.
On Wednesday, the $4.3 billion youth retailer reported strong third-quarter results. Profits shot up 40.5 percent to $71.5 million, or 87 cents a diluted share, from $50.9 million, or 57 cents, representing the highest earnings per share since 2007. EPS came in 28 cents ahead of the 59 cents analysts projected, driving the stock up more than 34 percent to close at $41.92 from $31.18.
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)