Lower gross margins ate into earnings at Levi Strauss & Co. as revenues expanded in the first quarter.
The San Francisco-based company attributed the margin declines to higher sales allowances and discounts to retailers in an effort to move excess and obsolete inventory in both its Levi’s and Dockers businesses.
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)