Bernard Chaus Inc. was unable to cut costs fast enough to compensate for sharply lower sales in the fourth quarter, driving up its losses.
For the three months ended June 30, the women’s sportswear marketer suffered a net loss of $3.2 million, or 9 cents a diluted share, compared with $2.6 million, or 7 cents, in the 2007 quarter. Sales slid 17.6 percent to $24.4 million from $29.7 million in the year-ago period.
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)