Inclement weather and thrifty consumers took their toll on January sales.
Providing a quarterly update, Kohl’s Corp. lowered its fourth-quarter earnings guidance to about $1.53 a diluted share, from earlier estimates of a range of $1.59 to $1.74, as weakness in January led it to a 2 percent same-store sales decline in the November-to-January period. Comps were up 0.8 percent during November and December.
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)