Shares of Sears declined $2.76 to $40.16. The retailer, which includes Sears and Kmart, also said its comparable-store sales for the nine weeks ended Dec. 29 fell 1.8 percent. Ceo Lou D’Ambrosio is stepping down at the end of the fiscal year to deal with family health matters. Sears also said its fourth-quarter net losses attributable to shareholders would range from $280 million to $360 million, an improvement from $2.4 billion in net losses a year ago.
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)