LONDON — Topshop, Topman and Miss Selfridge were the bright spots on the balance sheet of Arcadia Group Ltd., which posted a 5.1 percent decline in pretax profits to 188.9 million pounds, or $337.8 million, on a 0.6 percent fall in sales to 1.85 billion pounds, or $3.7 billion, in the year ended Aug. 30.
Net profits rose 38.8 percent in the year to 164.2 million pounds, or $328.4 million, from 118.2 million pounds, or $236.4 million, but that was due to an extraordinary tax credit. Sales last year totaled 1.86 billion pounds, or $3.72 billion.
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?"