NEW YORK — Improved business controls, as well as a year-ago charge, helped Elizabeth Arden Inc. narrow its second-quarter losses as sales increases cleared the double-digit hurdle.
Losses attributable to common shareholders for the quarter totaled $11 million, or 62 cents a share. This compared with the year-ago deficit of $26.8 million, or $1.53. Year-ago results reflect a $10.3 million pretax charge for inventory write-down.
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)