PARIS — Dramatic swings in international currency markets dampened the first-quarter sales performance at French distribution conglomerate Pinault-Printemps-Redoute.
The firm on Thursday reported first-quarter revenue declined 6 percent to $6.87 billion, compared with $7.3 billion in the year-earlier period. On a comparable basis, however, excluding the effects of currency fluctuation, sales increased 2.8 percent. Dollar figures are converted from the euro at current exchange.
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)