The Bon-Ton Stores Inc. beat fourth-quarter earnings projections and, although results weren’t strong enough to pull it into the black for the year, the department store expects to return to profitability for 2013.
Net income dipped 4.8 percent in the fourth quarter to $74.4 million, or $3.71 a diluted share, from $78.2 million, or $4, a year ago. Profits came in 14 cents better than the $3.57 analysts projected. Shares of the company jumped 5 percent to $12.50 Tuesday.
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?"