Women's apparel retailer Chico's FAS Inc. posted a 44 percent plunge in third-quarter earnings, hurt by sluggish same-store sales and higher markdowns.
For the three months ended Nov. 3, net income fell to $23.6 million, or 13 cents a diluted share, from $42.1 million, or 24 cents, in the year-ago period as sales rose 3.4 percent to $415.9 million from $402.2 million. Total same-store sales dropped 9.3 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?"