Alberto Culver Co.’s second-quarter profits slid 3.3 percent as its hair care business picked up momentum and helped the firm ward off some of the recession’s ills.
Earnings for the quarter ended March 31 dipped to $28.1 million, or 28 cents a diluted share, compared with profits of $29 million, or 28 cents a share, in the year-ago period. Reduced 10.1 percent by currency fluctuations, net sales slid 1.4 percent for the quarter to $344.3 million, from $349.4 million.
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)