BARNEYS FILES 4-WEEK RESULTS; ENDS UP WITH A $4.9M LOSS
NEW YORK--Barneys New York reported earnings of $456,000 for the four weeks ended April 27 before interest, taxes, depreciation and amortization. The upscale retailer, which filed for Chapter 11 reorganization on Jan. 10, said $5.4 million in expenses and reorganization charges, largely associated with reorganization expenses and Barneys' DIP loan, created a net loss of $4.9 million. Charges also included capital payments, including mortgages on properties. Sales in the month reached $23.6 million. The results were contained in a bankruptcy court filing, as required by law. The filing revealed a cost of goods sold for the period totaled $11.3 million, creating a gross profit of $12.3 million and a gross profit margin of 52.2 percent. Operating expenses came to $11.8 million.
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)