PARIS - Wolford AG reported declining sales and widening losses in its first quarter as consumer demand for its high-end hosiery, lingerie and swimwear remained restrained.
The Austrian company also predicted a tough trading environment for the rest of its 2009/2010 fiscal year, despite noting early signs of an economic recovery in some markets during the month of August.
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)