Phillips-Van Heusen Corp. handily beat analysts’ expectations for the second quarter and raised its guidance for the year, but still suffered profit and revenue slides in the period. For the three months ended Aug. 2, the owner and marketer of Calvin Klein, Izod and Arrow posted net income of $26.6 million, or 51 cents a diluted share, a 9.1 percent decrease from $29.2 million, or 56 cents, in the year-ago quarter.
Total revenue was $529.3 million, down 5.6 percent from $561 million a year ago.
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)