Shares of Aéropostale Inc. dropped 10.3 percent in after-market trading Thursday after the teen retailer reported a 93.3 percent decline in second-quarter profits and said it expected third-quarter earnings to fall below Wall Street estimates.
Chief executive officer Thomas Johnson told analysts and investors on a conference call that the company experienced weakening trends in June and July, as a result of “sharply lower consumer demand.”
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)