NEW YORK — Citing the benefits of its joint ventures and new foreign operations, Unifi Inc. said it narrowed its loss in its second fiscal quarter, despite a decline in sales.
The Greensboro, N.C.-based synthetic yarn marker recorded a loss of $2.2 million, or 4 cents a diluted share, for the quarter ended Dec. 29. That compares with a year-ago loss of $3.5 million, or 7 cents a share. Results were pre-tax gains of $2.6 million from equity in earnings of affiliates and $7.4 million from the company’s manufacturing alliance with DuPont.
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)