Three specialty chains — Abercrombie & Fitch Co., Limited Brands Inc. and Chico’s FAS Inc. — reported improved bottom-line results Wednesday as higher sales were supported by improved gross margins.
Helped by strong international sales, Abercrombie registered net income of $25.1 million, or 28 cents a diluted share, for the three months ended April 30, versus a year-ago loss of $11.8 million, or 13 cents. Excluding special items, earnings per share were 27 cents, more than twice the 12-cent result expected by analysts polled by Yahoo Finance.
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)