The slowdown in spending by the affluent has hit Casual Male Retail Group Inc., which said Thursday it will downsize its upper-end Rochester Big & Tall chain.
In reporting fourth-quarter losses of $108 million on an 8.1 percent decline in sales, David Levin, chief executive officer of the Canton, Mass.-based men’s big and tall retailer, revealed the eight stores the company has opened since acquiring the chain in 2004 “all generated negative EBITDA,” or earnings before interest, taxes, depreciation and amortization.
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)