NEW YORK — Slumping sales and higher costs pushed Michael Anthony Jewelers Inc. into the red in the third quarter.
For the three months ended Nov. 2, the Mt. Vernon, N.Y.-based jewelry marketer reported a net loss of $580,000, or 9 cents a diluted share. That compares with last year’s earnings of $1.5 million, or 24 cents.
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)