Retailers checking in with earnings reports on Thursday had good things to say about their third-quarter apparel businesses, as well as their prospects for the fourth quarter.
Setting the upbeat tone, Target Corp. chairman, president and chief executive officer Gregg Steinhafel predicted a strong quarter and holiday season ahead. “We expect Target’s fourth-quarter comparable-store performance will be the best of any quarter in the last three years,” he said. That would put it above the 2.8 percent gain registered in the first quarter. Both men’s and women’s apparel outperformed the 1.6 percent comp increase registered in the third 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)