Reductions in expenses weren’t sufficient to offset declines in sales as Hampshire Group Ltd. saw its first-quarter loss expand.
In the three months ended March 30, the New York-based sportswear marketer saw net losses grow to $5.4 million, or 72 cents a diluted share, from $5 million, or 74 cents, in the prior-year period. The reduction in loss per share was attributable to an increase in the number of shares outstanding.
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)