Burlington Coat Factory Investment Holdings Inc. lifted its second-quarter profits nearly a third despite decreases in net and same-store sales.
For the three months ended Nov. 28, the Burlington, N.J.-based off-price chain reported net income of $24.2 million, 33.2 percent above the $18.2 million reported during the comparable 2008 period. The quarter included an impairment charge of $2.8 million for long-lived assets, higher than the $296,000 charge in last year’s 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)