NEW YORK — Strong spring sales coupled with cost controls led multichannel retailer Coldwater Creek to report an increase in its first-quarter income and sales performance.
The Sandpoint, Idaho-based firm, which sells women’s apparel and accessories through catalogs, the Internet and 44 stores, said for the three months ended May 3, income strengthened 35.4 percent to a better-than-expected $1.9 million, or 12 cents a diluted share, versus income of $1.4 million, or 9 cents. Net sales in the quarter increased 8.4 percent to $115.2 million from $106.2 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)