Gildan Activewear Inc. said that lower demand caused declines in profit and sales in its first quarter.
The Montreal-based vendor reported an 84.6 percent drop in net income to $4.3 million, or 4 cents a diluted share, from $27.9 million, or 23 cents a share, a year ago. Sales in the three months ended Jan. 4 fell 26.5 percent to $184 million from $250.5 million.
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)