Cost cuts helped Perry Ellis International Inc. narrow its second-quarter loss, and the apparel firm’s optimistic outlook attracted investors Wednesday.
For the three months ended Aug. 1, the Miami-based vendor reported a loss of $5.3 million, or 42 cents a diluted share, versus a loss of $5.4 million, or 36 cents a share, a year ago. Analysts polled by Yahoo Finance had expected a loss of 57 cents a share, on average.
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)