Shares of Casual Male Retail Group Inc. vaulted more than 40 percent Tuesday after the men’s big and tall specialty chain reported that cost cuts and inventory control allowed it to increase profits more than 90 percent in the second quarter despite declining sales.
David Levin, chief executive officer, also termed a success the company’s first hybrid units — which bring together its Casual Male XL and Rochester Big & Tall nameplates — saying they are “exceeding expectations” in the first four weeks in operation, and that four of the five new concept stores are among the company’s top 10 best performers.
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)