Saks Inc.’s net profits fell sharply in the fourth quarter as Hurricane Sandy disrupted Northeastern markets, although earnings were flat on an adjusted basis and comparable-store sales inched up.
Fourth-quarter net income declined 44.7 percent to $20.4 million, or 13 cents a diluted share, from $37 million, or 21 cents, a year earlier. Excluding special items in both periods, earnings were flat at 17 cents a share — 2 cents higher than the 15 cents analysts projected.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styled by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)