The retail segment of Harry Winston Diamond Corp. posted a larger loss in the third quarter, but the firm, helped by a surging U.S. dollar, reversed a year-ago loss to post a profit in the period.
For the quarter ended Oct. 31, the Toronto-based firm’s retail operations recorded an operating loss of $4 million, higher than the $3.6 million loss in the year-ago period. Retail sales in the three months increased 7.7 percent to $57.9 million from $53.8 million last year.
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)