American Apparel Inc. narrowed its losses in the second quarter, just about breaking even as sales inched up.
The firm’s losses shrank to $213,000, or zero cents a share, from $14.7 million, or 21 cents, a year earlier. Sales for the three months ended June 30 inched up to $132.8 million from $132.7 million. Comparable-store sales were flat for the quarter, but the trend improved as the period progressed, with comps rising 3 percent in June and 4 percent in July.
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)