American Eagle Outfitters Inc. raised its first-quarter guidance Wednesday, citing better sales and fewer promotions.
The teen retailer increased its profit projection to a range of 18 cents to 20 cents a diluted share, from between 8 cents and 10 cents a share. Investors applauded the news, driving the stock up 16.7 percent to $20.88.
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)