Shares of Zales Corp. fell 14.1 percent to $4.08 Wednesday, after the struggling midtier jeweler widened its fiscal fourth-quarter loss.
Matthew Appel, executive vice president, chief financial and administration officer, told analysts on a conference call that the company was unable to offset “the unprecedented increases in raw material costs” and implemented price increases across all its brands.
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)