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.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"