NEW YORK — Attention to expense detail allowed Abercrombie & Fitch Tuesday to report double-digit earnings increases for the fourth quarter and year, despite nearly three years of decreasing same-store sales.
For the three months ended Feb. 1, profits rallied 17.2 percent to $92.8 million, or 93 cents a diluted share, compared with income of $79.2 million, or 78 cents, in the same quarter 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)