Shares of Abercrombie & Fitch Co. rose 15.1 percent in early afternoon trading, helped by a surprise comparable-store sale improvement from Hollister even though the company missed fourth-quarter EPS and sales estimates.
Net income for the quarter ended Jan. 28 fell 15.5 percent to $48.8 million, or 71 cents a diluted share, from $57.7 million, or 85 cents, a year ago. Net sales declined 6.9 percent to $1.04 billion from $1.11 billion.
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)