NEW YORK — Despite a 12 percent increase in U.S. apparel revenues, Nike Inc. on Wednesday posted third-quarter results that included a 1.3 percent decrease in net income.
For the three months ended Feb. 28, the company said income fell to $124.7 million, or 47 cents a diluted share, from $126.3 million, or 46 cents, in the year-ago period. Sales rose 6.2 percent to $2.4 billion from $2.26 billion.
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)