A decline in promotional activity and improved margins led Casual Male Retail Group Inc. to move to profitability from a year-ago loss in the fourth quarter despite continuing declines in sales.
In the three months ended Jan. 30, the Canton, Mass.-based big and tall specialty chain posted net income of $3.6 million, or 8 cents a diluted share, 3 cents better than the consensus estimate carried by Yahoo Finance. In the final quarter of 2008, the firm registered a net loss of $108 million, or $2.61 a share. Stripping away charges for impairment of goodwill and other one-time items, the year-ago loss came to 14 cents a share.
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?"