Jos. A. Bank Clothiers Inc. capped off another good year in 2010 with a strong fourth quarter, but the specter of rising raw material prices is looming large for the future.
In the three months ended Jan. 29, the Hampstead, Md.-based men’s specialty store chain posted net income of $40.9 million, or $1.47 a diluted share, 3 cents better than the $1.44 expected, on average, by analysts polled by Yahoo Finance. That was 15.5 percent above the year-ago profit of $35.5 million, or $1.28. Revenues grew 14 percent to $318.3 million from $279.3 million in the 2009 quarter as gross margin improved to 61.3 percent of sales from 60.7 percent a year ago.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"