The company turned profitable last year for the first time since 2010, has set plans to close 130 to 140 stores this year to create a more productive fleet, and is planning conservatively. Comparable-store sales for 2017 are expected to range from negative 1 to plus 1 percent, while adjusted earnings per share are seen coming in at 40 cents to 65 cents a share, compared to 8 cents last year.
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)