PARIS — German sporting goods and apparel retailer Puma AG saw its first-quarter net earnings slide nearly 7 percent due to high marketing and retail investments.
For the three months ended March 31, net earnings at the firm, which is majority-owned by PPR, fell 6.7 percent to 90.1 million euros, or $134.9 million. Dollar figures were converted at average exchange rates for the quarter.
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)