Caché Inc. swung to a loss in the third quarter as consumers tightened spending on discretionary items.
For the quarter ended Sept. 27, the New Yorkbased 295-unit specialty chain had a net loss of $1.6 million, or 12 cents a diluted share, compared with net income of $161,000, or 1 cent a share, for the same period last year. The loss in the 2008 quarter included store closing costs of 2 cents a share. Net sales fell 4 percent to $58.1 million, from $60.6 million in the 2007 period, and same-store sales declined 4 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?"