American Apparel Inc. on Monday reported a fourth-quarter profit, compared with a loss in the year-ago period.
For the three months ended Dec. 31, earnings reached $3 million, or 6 cents a diluted share, compared with a loss of $1.5 million, or 3 cents. Sales for the quarter soared 48.1 percent to $111.2 million from $75.1 million, and same-store sales surged 40 percent.
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?"