NEW YORK — Lane Bryant provided an additional plus for its parent, Charming Shoppes, in the quarter.
For the three months ended Aug. 3, income for Charming Shoppes, based in Bensalem, Pa., skyrocketed 72 percent to $25.5 million, or 20 cents a diluted share, 2 cents ahead of consensus estimates and 72 percent above the $14.9 million, or 14 cents, posted in the year-ago quarter. Sales were up 59 percent to $638.3 million from $402.7 million. Results include sales from Lane Bryant, which was acquired on Aug. 16 last year. Comparable-store sales inched up 1 percent.
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)