American Apparel Inc. on Tuesday reported a 34 percent decline in first-quarter earnings, hurt by start-up costs for a new dyeing and finishing facility.
For the three months ended March 31, earnings fell to $1.1 million, or 2 cents a diluted share, from $1.7 million, or 3 cents, in the year-ago period. Sales soared 51.9 percent to $111.6 million from $73.5 million, with same-store sales jumping 36 percent.
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)