AnnTaylor Stores Corp. posted a 4 percent rise in third-quarter earnings, but slashed its full-year forecast because of economic uncertainty.
For the three months ended Nov. 3, earnings increased to $40.8 million, or 66 cents a diluted share, from $39.3 million, or 54 cents, in the year-ago period. The company said the growth in earnings is due partly to the benefit of its share repurchase program. Sales for the quarter climbed 6 percent to $600.9 million from $566.3 million last year, while total same-store sales fell 0.4 percent. By division, comps at Ann Taylor declined 4.4 percent and Loft dipped 0.3 percent.
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?"