Volcom Inc. reported increased third-quarter profits Thursday, but lowered its full-year guidance because of a wilting retail environment.
The Costa Mesa, Calif.-based board sports apparel firm posted a 12.1 percent gain to $16.3 million, or 67 cents a diluted share, from $14.5 million, or 59 cents a share, a year ago. The consensus estimate among analysts was for earnings per share of 64 cents.
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)