Higher cotton costs helped drag Hanesbrands Inc. into the red for the first quarter, but the company beat analyst estimates and said the worst had passed.
Net losses totaled $26.8 million, or 27 cents a share, and compared with year-ago earnings of $48.1 million, or 49 cents. Analysts expected the company to post slightly steeper losses of 33 cents a share.
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)