Tuxedo rentals continue to be a bright spot for The Men’s Wearhouse Inc.
Thanks in part to a shift in tuxedo prom rentals, the Fremont, Calif.-based company reported earnings for the first quarter ended May 4 rose 23.1 percent to $33.1 million, or 65 cents a diluted share, from $26.9 million, or 52 cents, a year ago. The company estimated that about 10 cents of the increase is attributable to the shift, which resulted from an earlier Easter this year.
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)