Ann Inc. fought off margin erosion from steep markdowns to post a 20.8 percent jump in first-quarter net income and expects strict cost controls and good e-commerce sales to deliver a strong second quarter.
The New York-based operator of Ann Taylor and Loft said Friday that it registered net income of $27.3 million, or 51 cents a diluted share, for the period ended April 30, compared with year-ago income of $22.6 million, or 38 cents a share. Net sales rose 10 percent to $523.6 million, from $476.2 million in 2010.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)