In its slow and laborious turnaround efforts, Gap Inc. showed progress on Thursday, reporting second-quarter net earnings up 51 percent due to improved margins and wide cost reductions.
Still, comparable-store sales dropped 10 percent, indicating the $16 billion San Francisco-based chain continues to face serious issues with product acceptance, drawing customers into the stores, and operating locations that are too large for the offering.
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)