NEW YORK — Pressured by falling sales at its flagship division and an accounting change, ShopKo Stores Inc. came up with first-quarter losses of $1.1 million, or 4 cents a diluted share.
Both periods also were affected by the adoption of new accounting rules for money accepted from suppliers, the effect of which pulled down the bottom line in the most recent quarter by $900,000 after tax, or 3 cents a share.
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)