Liz Claiborne Inc. chief executive officer William L. McComb's tale of two cities analogy continues to haunt him.
On Tuesday the company posted a first-quarter loss of $31 million, or 33 cents a diluted share, down from profits of $16.2 million in the first quarter of 2007. The bottom line was hurt by $44 million in restructuring costs.
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)