Steps taken to improve Quiksilver Inc.’s long-term business profile, including the closure of weaker stores, resulted in a wider loss in the first quarter.
In the three months ended Jan. 31, the Huntington Beach, Calif.-based owner of the Quiksilver, Roxy and DC brands saw net losses grow to $31.1 million, or 19 cents a diluted share, from losses of $22.6 million, or 14 cents, in the first quarter of 2012. Its operating loss more than tripled to $8.7 million from $2.5 million.
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)