Investments to build the Destination XL brand dropped its parent company to a second-quarter loss but paid big dividends in several critical areas for the big and tall retailer.
Among the metrics showing improvement for Destination XL Group Inc. in the quarter were same-store sales, gross margin, sales per square foot and average ticket. Investors looked past the loss and a reduction in earnings and sales guidance for the year and sent shares up 38 cents, or 6.5 percent, to $6.19 on Friday.
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)