Ann Inc. on Friday reported second-quarter profits rose 52 percent to $24.8 million or 47 cents per diluted share, from $18.6 million or 31 cents per diluted share last year, beating Wall Street analyst estimates.
Sales in the second quarter grew 15 percent and comps increased 8.6 percent, the company said. Total net sales for the second quarter were up $558.2 million, compared with net sales of $483.5 million in the 2010 period.
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)