Lower expenses and controls on costs helped Cato Corp. improve on second-quarter profits despite a drop-off in sales.
The Charlotte, N.C.-based specialty retailer registered net income of $16.7 million, or 56 cents a diluted share, 37.8 percent above the $12.1 million, or 41 cents, logged in last year’s quarter and 2 cents above analysts’ consensus estimates.
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)