Movado Group Inc. on Thursday posted strong increases in fourth-quarter and year-end earnings, boosted by a one-time $15 million tax benefit.
Earnings for the three months ended Jan. 31 grew 39.6 percent to $19.6 million, or 72 cents a diluted share, from $14 million, or 52 cents, in the same year-ago quarter. Sales declined 2.6 percent to $138.6 million from $142.3 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)