NEW YORK — Markdown pressures at Burlington Coat Factory Warehouse Corp. reduced a healthy sales gain into slight profit growth in the second quarter.
For the three months ended Nov. 30, the Burlington, N.J.-based apparel and footwear retailer reported net income nicked up 0.7 percent to $41.6 million, or 93 cents a diluted share. That compares with earnings of $41.3 million, also 93 cents, in the year-ago quarter. Earnings per share fell short of the Wall Street estimate by a nickel.
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)