American Apparel Inc.’s third-quarter losses narrowed as sales rose and gross margins improved.
Net losses shrank to $7.2 million, or 7 cents a share, from $9.5 million, or 13 cents, a year earlier. Sales for the three months ended Sept. 30 rose 4.8 percent to $140.9 million from $134.5 million. Gross margins increased to 53.2 percent of sales from 52.2 as retail prices rose and the company increased efficiency in the area of manufacturing labor.
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?"