NEW YORK — Cache lost some of its earnings momentum in the first quarter as the specialty store retailer reported a double-digit decrease in profits.
The firm said that for the three months ended March 29, income fell 11.6 percent to $1.6 million, or 17 cents a diluted share, versus income of $1.9 million, or 20 cents, in the comparable year-ago period. Sales for the quarter rang in at $47.9 million, a 0.5 percent increase over year-ago sales of $47.6 million, but slipped 3 percent on a same-store basis.
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?"