Hanesbrands Inc. said restructuring charges and a broad-based drop in sales contributed to a reduction in profits in the fourth quarter.
The Winston-Salem, N.C.-based apparel maker reported a 64.1 percent fall in fourth-quarter profits to $17.9 million, or 19 cents a diluted share, from $49.8 million, or 52 cents a share, a year ago. Excluding certain charges, the company’s fourth-quarter earnings equaled 50 cents a share.
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)