NEW YORK — The economic downturn is weighing heavily on Hartmarx which announced Thursday that it will close a sewing facility in Missouri and eliminate some 150 jobs. The cutting positions at that facility will remain.
The news came as the Chicago-based concern posted results for another tough quarter. Revenues for the three months ending Aug. 31 fell 8 percent from $135 million to $124 million. The company’s net loss for the period was $2.4 million, or 7 cents per diluted share, compared with a half a million dollar gain in the same period last year. The company has not posted a net gain thus far in 2008.
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)