Steep promotions and higher expenses contributed to a 20.9 percent decline in Urban Outfitters Inc.’s second-quarter net income.
Glen Senk, chief executive officer, told analysts on a conference call that sales at the Anthropologie unit had decelerated over the past 10 days as consumers reevaluated the political and economic scene.
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)