Shares of The Talbots Inc. pulled back nearly 23 percent Tuesday despite a 17.1 percent jump in third-quarter profits after the company said fourth-quarter sales could decline given the “challenging and promotional environment.”
For the three months ended Oct. 30, net income was $17 million, or 24 cents a diluted share, from $14.6 million, or 26 cents, last year. Adjusted EPS of 27 cents was 1 cent better than analysts’ consensus estimates.
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)