Second quarter net income for Maidenform Brands Inc. firm fell 30 percent to $8 million, or 34 cents a diluted share, for the period ended June 29, from $11.4 million, or 49 cents, a year ago. Net sales declined 7.6 percent to $145.5 million from $157.5 million.
For the six months, net income plummeted 60.9 to $6.7 million, or 29 cents a diluted share, from $17.2 million, or 74 cents, a year ago. Net sales decreased 12.2 percent to $276.6 million from $315.0 million.
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)