Despite widespread troubles in the U.S. real estate market, mall developer Simon Property Group Inc. bolstered both earnings and revenues in the second quarter.
Net income available to common shareholders jumped 27.8 percent to $76.6 million, or 34 cents a share, from $59.9 million, or 27 cents a year ago. Sales for the three months ended June 30 rose 7.8 percent to $922.9 million from $855.9 million.
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)