The Talbots Inc. on Wednesday reported narrower second-quarter losses than a year ago and positive customer response to fall merchandise, but said it expects a challenging second half.
The loss for the three months ended Aug. 1 was $24.5 million, or 45 cents a diluted share, versus a $25 million loss, or 47 cents, in the year-ago quarter. Excluding restructuring and impairment charges, the loss from continuing operations was $17.6 million, or 33 cents a share, better than the 52-cent loss expected by analysts, and higher than the adjusted loss of $9.4 million, or 17 cents, in last year’s 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)