Ross Stores Inc. proved it’s a good time to be an off-pricer, on Wednesday posting double-digit earnings and sales growth in the second quarter while boosting expectations for the year.
Net income for the quarter shot up 40.2 percent to $71.3 million, or 54 cents a diluted share, compared with $50.9 million, or 37 cents, a year ago. Sales advanced 13.6 percent to $1.64 billion from $1.44 billion as comparable-store sales rose 6 percent.
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)