NEW YORK — Sagging sales and special charges depleted ShopKo Stores Inc.’s bottom line in the fourth quarter.
For the three months ended Feb. 1, the Green Bay, Wisc.-based discount retailer said net income regressed 6.3 percent to $32.7 million, or $1.12 a diluted share, versus earnings of $34.9 million, or $1.21, in the prior-year quarter. Although ShopKo took a pre-tax $6 million restructuring charge, earnings per share did manage to beat the Wall Street estimate by 3 cents.
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)