Charming Shoppes Inc. swung to a loss in the second quarter due to a challenging economic environment and charges from the sale of its catalogue operations and the termination of former chief executive officer Dorrit Bern.
The Bensalem, Pa.-based women’s plus-size apparel retailer posted a net loss of $8.3 million, or 7 cents a diluted share, for the quarter ended Aug. 2, compared with a profit of $18.3 million, or 15 cents a share, in the same year-ago period.
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)