Dillard’s Inc. appears to be winning the endorsement of both shoppers and investors as it tries to reposition itself as more of a luxe player.
Better sales and lower expenses helped lift first-quarter profits 57.2 percent, the firm reported Friday, and Wall Street responded by pushing the company’s shares up $7.41, or 15.3 percent, to $56, after they hit a 52-week high of $56.76 in midday trading.
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)