NEW YORK — Sara Lee Corp.’s Intimates and Underwear unit generated a 62.2 percent increase in its first-quarter operating income, despite nearly flat sales.
Intimates and Underwear’s income skyrocketed to $206 million in the three months ended Sept. 28 from $127 million in the year-ago quarter. The unit’s sales ticked up 0.3 percent to $1.69 billion from $1.68 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)