Reductions in inventories, expenses and markdowns helped Destination Maternity Corp. boost third-quarter profits by 64 percent.
The Philadelphia-based retailer said net income grew to $6.8 million, or $1.12 a diluted share, for the quarter ended June 30, compared with $4.1 million, or 68 cents a share, in the year-ago period. The company said July 9 that it would exceed the high end of its earlier guidance for earnings per share of between 74 and 91 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?"