Abercrombie & Fitch Co. was stung by the slowdown in consumer spending in the second quarter.
The retailer reported a 4.2 percent fall in second-quarter profits Friday to $77.8 million, or 87 cents a diluted share, from $81.2 million, or 88 cents a share, in the same period last year. Second-quarter sales rose 5.1 percent to $845.8 million from $804.5 million a year ago.
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)