NEW YORK — With help from a leaner and meaner apparel fabrics division, Dan River Inc. returned to second-half profitability, even as sales sank.
Net profits mounted to $3.7 million, or 16 cents a diluted share. This compared with year-ago losses of $6.1 million, or 28 cents. Year-ago results were improved by goodwill amortization of $900,000, or 4 cents a share, while the most recent quarter included none after a change in accounting principle.
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)