Shares of Coach Inc. fell 0.5 percent Tuesday despite second-quarter results that rose 25.9 percent and beat Wall Street’s expectations by 3 cents a share.
For the three months ended Jan. 1, income jumped to $303.4 million, or $1 a diluted share, versus $241 million, or 76 cents, a year ago. Analysts on average were expecting 97 cents a share for the quarter.
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)