Shares of Saks Inc. jumped 18.1 percent in after-hours trading Tuesday on speculation that it had hired a banker to explore strategic alternatives, including a possible sale of the company.
The retailer’s shares already had climbed 11.3 percent to close at $13.67 Tuesday after Saks, which also posted first-quarter results, said it is speeding up the launch of its outlet e-commerce site. They rose to $16.18 in after-market trading on the banker rumors.
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)