PARIS — Swedish fast-fashion chain Hennes & Mauritz AB reported a worse-than-expected dip in September sales from established stores, hurt by the continuing recession and the unusually warm weather in most of its markets.
In September, sales from stores open for at least a financial year declined 8 percent compared with analysts’ expectations of a 7 percent drop, missing forecasts for the second month in a row.
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)