Express Inc. modestly beat fourth-quarter profit expectations, but warned that it would get a slower-than-expected start to 2013, driving its stock down 9.5 percent to $17.06 in the opening minutes of Wall Street trading.
The retailer’s fourth-quarter rose 5.9 percent to $64 million, or 75 cents a share, from $60.4 million, or 68 cents, a year ago. Profits came in 1 cent ahead of the 74 cents analysts projected.
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)