HONG KONG — Hong Kong-based Esprit Holdings Ltd. said Wednesday the weaker euro and other macroeconomic factors hurt its full-year profits and sales.
The global retailer and wholesaler of apparel said net profit for the year ended June 30 declined 26.4 percent to 4.75 billion Hong Kong dollars, or $612.75 million at average exchange rates for the period. Sales slid 7.4 percent to 34.49 billion Hong Kong dollars, or $4.45 billion
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)