NEW YORK — Charlotte Russe Holding Inc, a specialty retailer focused on younger women, reported a 17.7 percent rise in its third-quarter earnings as cost controls offset weaker sales.
The San Diego-based fashion company said income increased to $5.6 million, or 24 cents a diluted share, for the three months ended June 29, a penny below Wall Street’s expectations. Profits were $4.8 million, or 70 cents, in last year’s third quarter. Total sales ramped up 30 percent to $102 million from $78.4 million, but decreased 0.3 percent on a comparable-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?"