Aéropostale Inc. reported an 18.4 percent jump in third-quarter net income, although same-store sales fell in November.
Tightly managed inventory, new promotions and growth in the New York-based retailer’s graphic apparel business helped the firm post net income $42.6 million, or 63 cents a diluted share, for the quarter ended Nov. 1. This compares with net income of $36 million, or 48 cents a share, a year ago. Net sales rose 16.8 percent to $482 million from $412.6 million in the 2007 period.
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)