Two of the nation’s largest apparel specialty chains, Gap Inc. and Limited Brands Inc., on Thursday reported fourth-quarter income declines, providing further evidence of the worsening economy and the tough road ahead.
The results, the uncertainties and some higher expectations pushed both stocks down, with Limited losing 13 percent to close at $7.74 from $8.92, while Gap slipped 2 percent to close at $11.35 from $11.80.
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)