NEW YORK — Alloy Inc. fell into the red in the third quarter as costs from its Delia’s acquisition more than offset a double-digit benefit to revenues.
For the three months ended Oct. 31, the New York-based Gen-Y multiplatform marketer recorded a net loss of $6.8 million, or 17 cents, versus last year’s profits of $11.6 million, or 28 cents. Including a preferred stock dividend payment, but excluding an allowance for a net deferred tax asset, the net loss attributable to common shareholders was a narrower $2 million, or 5 cents.
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?"