AnnTaylor Stores Corp. intends to shift its emphasis to promotions and away from markdowns after swinging to a second-quarter loss, principally on weakness in its namesake division and restructuring charges.
The company, which expects the current difficult conditions to continue to pressure sales as consumers stray from higher-end and professional apparel, said it would increase in-store promotions on select items while limiting markdowns.
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)