TOKYO — Japanese department store operator Takashimaya Co. reported falling yearly profits and sales and forecast more of the same as the economic crisis and weakened consumer demand hit the group’s results.
For the fiscal year on ending Feb. 28, net profit dropped 37.2 percent to 11.8 billion yen, or $117.7 million at average exchange, from a year ago. Sales declined 6.4 percent to 976.1 billion yen, or $9.73 billion.
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)