NEW YORK — Shares of Kenneth Cole Productions Inc. inched up 1.3 percent after the firm posted a fourth-quarter profit due to an increase in revenues and a reduction in operating expenses.
For the three months ended Dec. 31, income was $8 million, or 43 cents a diluted share, against a loss of $2.7 million, or 15 cents, a year ago. Total operating expenses fell 18 percent to $45.4 million from $55.4 million a year ago.
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)