NEW YORK — Slowing sales of Tommy Hilfiger’s men’s and women’s sportswear businesses led Wachovia Securities on Monday to downgrade shares of Tommy from "strong buy" to "buy."
Analyst Joseph Teklits wrote that the previous rating was based on an upturn in Tommy’s men’s business this fall. Lackluster sales and the current difficulties in the retail environment were reasons for the downgrade.
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)