Impairment charges dragged Burlington Coat Factory Investments Holdings Inc. to a large third-quarter loss despite improvements in sales and EBITDA.
The Burlington, N.J.-based off-price chain sustained a net loss of $150.9 million in the three months ended Feb. 28 versus net income of $26.8 million in the prior-year quarter. Included in the loss were pretax impairment charges of $279.3 million related to its trade name and $28.1 million connected to its stores.
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)