Ann Inc. was the downer among retailers reporting July comparable-store sales — and its shares suffered as a result.
Theretailer issued a warning on second-quarter sales on Thursday, stirringconcerns over the entire missy sector. Ann reported that second-quartersales, projected in May to reach $670 million, had come in $22 millionbelow that at $648 million and that gross margin, originally expected tohit 53.5 percent of sales, ended the quarter at 52.4 percent.
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)