Hanesbrands Inc. logged a strong fourth quarter, but it wasn’t enough to push the company to a net profit gain for the year. Chairman and chief executive officer Richard Noll, however, noted the firm gained momentum in the second half, paid down debt and was well positioned for 2013.
The Winston-Salem, N.C.-based company’s fourth-quarter profits rose 96.2 percent to $80.4 million, or 80 cents a diluted share, from $41 million, or 41 cents, a year earlier.
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)