“We faced a highly promotional and competitive retail landscape and a decline in traffic, which have continued into the third quarter,” said Robert Hanson, chief executive officer of the firm. American Eagle’s second-quarter profits rose just 3 percent while comparable-store sales fell 7 percent.
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)