NEW YORK — Costs grew faster than sales for The Finish Line Inc. in its second quarter, pressuring profits below year-ago levels but still above Wall Street forecasts.
For the three months ended Aug. 31, the Indianapolis-based athletic footwear and apparel retailer reported net income fell 10.1 percent to $9.1 million, or 37 cents a diluted share. That compares to last year’s profits of $10.1 million, or 41 cents. Analysts had expected earnings of 35 cents per share.
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)