NEW YORK — Choosing caution over risk, The Talbots Inc. Wednesday posted higher third-quarter earnings despite lower comparable-store sales.
Income for the three months ended Nov. 2 was up 2 percent to $37.4 million, or 63 cents a diluted share, from $36.6 million, or 58 cents, in the year-ago quarter. Sales rose 2 percent to $401.8 million versus $393.9 million. Retail sales gained 4 percent to $339.7 million from $325.7 million, despite a same-store sales decline of 3.2 percent. Catalog sales fell 9 percent to $62.1 million from $68.2 million.
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)