Guess Inc.'s first-quarter income grew 34.5 percent partly because of several global factors, including European and Asian tourists who shopped in the U.S. to reap benefits from the falling dollar.
"At tourist destinations, where our stores are in coastal cities, we saw significant increases in our business," Carlos Alberini, president and chief operating officer, said in an interview. "This is one of the benefits of having a truly global brand. Those tourists are coming to us because they recognize the brand from their own markets, but they know that due to strong currencies [overseas] they are getting better value here."
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)