Ascena Retail Group Inc. blamed soft third-quarter sales on the economy and the weather and fell short of Wall Street’s profit expectations, pushing its stock down 9.6 percent to $17.95 in afterhours trading today.
Ascena’s earnings fell 36.8 percent to $31.2 million, or 19 cents a diluted share, from $49.4 million, or 31 cents, a year earlier. Adjusted profits of 26 cents a share came in 4 cents below the 30 cents Wall Street expected.
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?"