Strength in Cache Inc.’s dress assortments was insufficient to offset declines in casual and accessories offerings and weak traffic, leading to reductions in net and same-store sales.
In the 13 weeks ended March 29, the New York-based specialty retailer’s net loss hit $10.8 million, or 51 cents a diluted share, above the loss of 42 cents a share expected, on average, by Wall Street analysts. The year-ago loss was $17.8 million, or $1.33, including a $10.1 million charge for an adjustment in tax valuation allowance and $1.5 million in employee separation charges.
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)