Robust sales gains during the back-to-school season allowed Delia’s Inc. to overcome the hostile retail environment and post a third-quarter profit.
For the quarter ended Nov. 1, the multichannel teen retailer recorded net income of $3.5 million, or 11 cents a diluted share, compared with a profit of $12,000, or zero cents a share, last year. The results for the quarter reflected the sale of the company’s CCS skateboard catalogue business on Nov. 5. Upon the close of the unit’s sale to Foot Locker Inc., Delia’s received $103.2 million in cash proceeds.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)