In a high-stakes gamble, Macy’s Inc. has doubled down for the fourth quarter.
Unlike many retailers, the department store on Wednesday affirmed its expectations for the full year even as it reported a net loss of $44 million in the third quarter ended Nov. 1. The guidance leaves the vast majority of its projected earnings for the fiscal year dependent on fourth-quarter results and the whims of increasingly skittish consumers, who appear more reluctant than ever to part with disposable dollars.
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)