The men’s wear industry is not immune to the malaise that has hit the retail sector hard over the past year.
Late Wednesday, Tailored Brands Inc., the former Men’s Wearhouse, reported sales declines for fiscal 2016 and warned of another tough year in 2017 — a disclosure that led to a steep drop in the stock price when the market opened Thursday morning. In mid-morning trading, shares on the New York Stock Exchange were trading down more than 30 percent, falling to just over $16.
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)