LONDON — A rise in online sales, the expansion of its selling space and lower levels of markdowns all helped net profits at British retailer Next plc rise 8.8 percent in the year to January to 553.2 million pounds, or $867.9 million, from 508.6 million pounds, or $797.9 million, in the previous 12-month period.
Excluding 2013 exceptional items, net profits gained 16.9 percent.
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)