Luxury jeweler and mining firm Harry Winston Diamond Corp. said Thursday it swung to a loss in the fourth quarter as its retail sales sank 20.8 percent for the period.
Weighed down by noncash goodwill impairment related to retail operations totaling $93.8 million, or $1.53 a share, the Toronto-based firm recorded a net loss of $73 million, or $1.19 a diluted share, for the quarter ended Jan. 31. For the same quarter last year, the company had a profit of $90.4 million, or $1.54 a share. Net sales fell 37.1 percent to $118.4 million from $188.2 million last year while retail sales dropped to $67.3 million from $85 million.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)