Movado Group Inc. said Thursday it will close all but one of its 27 boutiques by the end of June after several years of losses.
The Paramus, N.J.-based watchmaker estimated the move, which came after a strategic review, would lower annual revenues by about $30 million. The company expects an immediate impact on its bottom line.
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)