Shares of Tiffany & Co. advanced more than 9 percent Wednesday after the jeweler reported better-than-expected first-quarter results lifted by a surge in spending in Japan and ongoing strength in luxury.
The firm lifted its full-year earnings guidance and said it expects gross margin improvement for the year, although not at the level of the 200 basis point improvement registered during the first quarter.
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)