Shares of Delia’s shot up nearly 35 percent Friday after strong back-to-school results allowed the multichannel retailer to narrow its second-quarter loss and beat analysts’ expectations.
For the three months ended Aug. 2, the New York-based company posted a net loss of just under $5 million, or 16 cents a share, compared with a net loss of $5.1 million, or 16 cents a share, during the year-ago period. Net sales grew 10.8 percent to $58.1 million from $52.4 million last year. Retail sales rose 22 percent to 23.6 percent, including a same-store sales increase of 5.2 percent, and direct channel sales grew 4.3 percent to $34.5 million.
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)