HanesBrands Inc. reported an almost 60 percent decline in third-quarter earnings Wednesday because of onetime charges and said it plans to raise prices in the U.S. next year.
For the three months ended Sept. 27, profits for the Winston-Salem, N.C.-based apparel maker fell 59.1 percent to $15.9 million, or 17 cents a diluted share, from $38.9 million, or 40 cents a share, last year. Third-quarter sales were flat at $1.15 billion compared with a year ago.
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)