The outlook for the high-end consumer might have dimmed some, but luxe retailers have found their guiding light in the Web.
Saks Inc. and Neiman Marcus Inc. weighed in with quarterly results Tuesday. And although their bottom lines varied — with Hurricane Sandy helping pull down Saks’ net profits, and a charge for debt extinguishment erasing most of Neiman’s earnings increase — both companies used the opportunity to hammer home the importance of the Web and how it’s transforming their businesses.
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)