The acquisitions of Andrew Marc and Wilsons stores lifted revenues at G-III Apparel Group Ltd. in the second quarter, but they also boosted quarterly losses.
For the quarter ended July 29, the net loss at the New York-based outerwear and sportswear firm grew to $3.9 million, or 23 cents a diluted share, from $884,000, or 5 cents a share, in the same period last year. Analysts had expected a loss of 24 cents.
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)