Stage Stores Inc.'s shares added almost 17 percent Tuesday after the retailer reported positive comparable-store sales results in June and projected that its second-quarter earnings would meet or exceed its most upbeat estimates.
The operator of Stage, Peebles, Bealls and Palais Royal department stores said that its June sales rose 1.2 percent on a same-store basis and were up 6.4 percent, to $142 million, overall. May comps managed a 0.1 percent increase, putting the firm ahead 0.7 percent during the first two months of the second 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)