Decreased store traffic and lower direct channel sales shrunk Coldwater Creek Inc.’s second-quarter profits by 63.9 percent, but the women’s clothing retailer still managed to beat analysts’ earnings estimates.
For the quarter ended Aug. 2, the Sandpoint, Idaho-based company reported net income of $3.1 million, or 3 cents a share, compared with earnings of $8.7 million, or 9 cents a share, for the 2007 period. Analysts anticipated earnings per share of 1 cent on revenues of $242.5 million.
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?"