Shares of Columbia Sportswear Co. fell 8.7 percent Friday after the company reported a smaller-than-expected profit and lower gross margins in the third quarter.
The shortfalls came despite a double-digit sales increase and coincided with an upward revision in fourth-quarter profit projections that were built on an increase in advance seasonal orders and stronger direct sales.
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)