Rafaella Apparel Group Inc. had to contend with reduced orders and provide markdown assistance to customers in its fourth quarter, but inventory control and reduced year-over-year charges swung the firm into the black.
For the three months ended June 30, the New York-based vendor’s net income totaled $131,000 compared with a net loss of $26.2 million a year ago. Sales in the quarter fell 42.7 percent to $23.8 million from $41.6 million in the 2008 period.
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)