Harry Winston Diamond Corp. said late Thursday that it swung to a third-quarter net loss, due partially to hefty charges. However, strength in the jeweler’s retail segment, as well as signs of resurgent consumer demand, propped up the company’s stock 3.9 percent in post-market trading.
“Challenging trading conditions returned to the diamond business internationally in the third quarter,” said chairman and chief executive officer Robert Gannicott, who explained that in order to cope, the company elected to selectively sell to markets that “remained resilient.”
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)