The dismal retail numbers reported this season — alleviated only by early sales — mean one thing to vendors: markdown money.
Facing these profit-eating demands come January, many midsize moderate and better manufacturers are turning to the M&A community looking for a strategic solution, including merging with other companies in similar situations with which they could share back-office 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)