Oxford Industries Inc. missed profit estimates in the third quarter and cut its outlook for the year, citing weakness at Ben Sherman.
Net earnings increased 85.3 percent to $3 million, or 18 cents a share, from $1.6 million, or 10 cents, a year ago. Excluding special charges, earnings rose to 19 cents a share, but fell 2 cents shy of the 21 cents analysts projected.
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)