Claire’s Stores Inc. suffered a wider first-quarter loss as its same-store sales declined on both sides of the Atlantic.
In the three months ended May 3, the net loss was $38.1 million versus a loss of $26.6 million in the first quarter of 2013. Operating income declined 48.6 percent to $16.8 million while adjusted EBITDA, excluding items such as a year-ago loss on early debt extinguishment in 2013, dropped 11.6 percent to $48.1 million.
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)