Citing continuing across-the-board sales growth and steady improvement in gross margin, Joe’s Jeans Inc. reported Tuesday that its second-quarter profits almost quintupled.
For the three months ended May 31, the Los Angeles-based firm best known for its high-end jeans registered net income of $2 million, or 3 cents a diluted share, up 378 percent from the $422,000, or 1 cent, reported during the comparable 2007 period. Net sales increased 18 percent to $18 million from $15.2 million in last year’s 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)