Tel Aviv-based Delta Galil said second quarter net income for the three months ended June 30 rose to $9.8 million, or or 38 cents a share, from $8.8 million, or 35 cents, a year ago. Net sales rose 6.3 percent to $249.2 million from $234.4 million. For the six months, net income jumped 23.3 percent to $19.1 million on a sales gain of 5.5 percent to $487.2 million.
Isaac Dabah, chief executive officer, said the strong results were “sustained by organic growth across nearly all of our business segments.” The company manufactures branded and private label apparel for men, women and children.
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)