A drop in second-quarter sales and earnings isn’t disrupting Warnaco Group Inc.’s plans for retail expansion.
Net income for the three months ended July 4 fell 8.2 percent to $17.8 million, or 38 cents a diluted share, from $19.4 million, or 41 cents, a year earlier. Revenues for the three months pulled back 9.4 percent to $455.9 million from $503.3 million.
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)