MONTREAL -- Profits at Dominion Textiles Inc. slid 15.4 percent in the second quarter and 12.3 percent in the six months ended Dec. 31, dragged down by high denim inventories at retail and price weakness in yarns and apparel fabrics.
Charles H. Hantho, chairman, president, and chief executive officer, said the apparel industry in North America continues to be soft in certain apparel segments and oversupply throughout the apparel market, while in Europe there are "only modest signs" of recovery.
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)