Oxford Industries Inc. disappointed Wall Street with lower-than-expected fourth-quarter earnings and 2013 guidance late Tuesday.
The letdown was tempered by “beats” on revenue, both for the quarterly results and in projections for the new year, limiting damage to the stock in after-hours trading. Shares closed down 28 cents, or 0.5 percent, at $52.05 during the regular trading session and shed an additional 2.5 percent, to $50.73, in the first hour of after-hours trading.
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)