PARIS — Carrefour reported a 45 percent decline in 2008 profits after a sharp drop in consumer confidence in France cut into margins.
The French hypermarket operator, the world’s second-largest retailer after Wal-Mart Stores Inc., said its group share of net profit slid to 1.27 billion euros, or $1.87 billion, from 2.29 billion euros, or $3.37 billion, a year ago, missing most analysts’ expectations.
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)