NEW YORK — Unifi Inc. significantly reduced the flow of red ink in the quarter and the year and is hoping to cut it further by providing polyester to Western companies operating in Asia.
Fourth-quarter net losses narrowed to $1.6 million, or 3 cents a share, from the year-ago deficit of $15.6 million, or 29 cents. Results for the most recent quarter include a pretax loss of $7.4 million, or 8 cents a share after taxes, from the sale and write-down of excess real estate. Excluding this loss, income for the quarter reached $3 million, or 5 cents a share.
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)