NEW YORK — Tommy Hilfiger Corp. on Tuesday posted a first-quarter profit compared with a loss in last year’s quarter, helped in part by an $11 million legal settlement, but warned that future orders from retailers may slow unless consumer spending picks up during holiday.
Despite the warning, Wall Street loved Tommy. Shares closed Tuesday at $11.01, up 76 cents, or 7.4 percent, in trading on the New York Stock Exchange Tuesday, as the Dow Jones Industrial Average plunged 149.72 points, or 1.6 percent, to end the day at 9,036.32. Tommy’s volume was surprisingly heavy, trading at 4.41 million shares compared with a daily average of just 736,318 shares.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"