NEW YORK — Polo Ralph Lauren’s new zero tolerance policy on merchandise returns may pay dividends in the coming years, but it took a big bite out of first-quarter earnings.
The New York-based designer firm on Wednesday posted a 79.2 percent drop in first-quarter earnings due in part to changes in its wholesale sales strategy, but still managed to beat estimates by a penny.
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)