J. Crew Group Inc.’s profits slipped in the first quarter but not management’s confidence in the strategy.
“We think we are in the right place,” Millard “Mickey” Drexler, chairman and chief executive officer, said in a conference call where analysts commended the company for beating expectations. “I don’t think we have a crystal ball but it certainly feels better than it did in the fourth quarter.”
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)