TOKYO—Japan's economy contracted more than expected in the first quarter of the year, putting the country back into an official recession and reflecting the impact of the devastating earthquake and tsunami in March.
Japan's Cabinet Office said Thursday that Japan's January-March gross domestic product dropped 3.7 percent on an annualized basis. GDP declined 0.9 percent from the previous quarter on a seasonally adjusted basis.
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)