The Jones Group Inc. pinned disappointing first-quarter results on economic weakness in Europe and the impact of cold weather on sales of spring goods.
The company, which recently undertook an effort to restructure its business, also said sales this year might miss Wall Street projections. The company is looking for revenues of $3.8 billion up to $3.95 billion, opening up some downside to the $3.95 billion consensus estimate from analysts.
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)