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.
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?"