Investments to build the Destination XL brand dropped its parent company to a second-quarter loss but paid big dividends in several critical areas for the big and tall retailer.
Among the metrics showing improvement for Destination XL Group Inc. in the quarter were same-store sales, gross margin, sales per square foot and average ticket. Investors looked past the loss and a reduction in earnings and sales guidance for the year and sent shares up 38 cents, or 6.5 percent, to $6.19 on Friday.
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?"