Bernard Chaus Inc. was unable to cut costs fast enough to compensate for sharply lower sales in the fourth quarter, driving up its losses.
For the three months ended June 30, the women’s sportswear marketer suffered a net loss of $3.2 million, or 9 cents a diluted share, compared with $2.6 million, or 7 cents, in the 2007 quarter. Sales slid 17.6 percent to $24.4 million from $29.7 million in the year-ago period.
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?"