American Eagle Outfitters Inc.’s stock received a more than 6 percent lift Wednesday after the teen retailer posted an 81.2 percent jump in fourth-quarter profits following the announcement late Tuesday it would shutter the struggling 28-unit Martin + Osa concept.
The M+O move by the Pittsburgh-based firm was both widely anticipated and largely applauded by Wall Street.
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)