Elizabeth Arden Inc.'s net income declined 22 percent in the first quarter, dragged down by costs tied to the repositioning of its flagship brand.
Net income attributable to Arden was $1.7 million, or 22 cents a diluted share, compared with $2.18 million, or 44 cents a share, in the year-ago period. The adjusted net income excludes non-recurring costs related to the revamp of the Elizabeth Arden brand and restructuring activities, and for fiscal 2013, excludes costs tied to fragrance acquisitions completed in 2012.
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)