NEW YORK —Goldman,Sachs &Co.analyst George Strachan on Tuesday reduced both long- and short-term earnings esti- mates for a large group of broadlines retailers.
Strachan,enior retail ana- lyst at GS,pulled down expecta- tions for annual growth in department tore earnings per share to a range of 4 to 8 percent over the next five years,marked down from the earlier forecast of 4 to 12 percent annual growth.
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)