Shares of Sears declined $2.76 to $40.16. The retailer, which includes Sears and Kmart, also said its comparable-store sales for the nine weeks ended Dec. 29 fell 1.8 percent. Ceo Lou D’Ambrosio is stepping down at the end of the fiscal year to deal with family health matters. Sears also said its fourth-quarter net losses attributable to shareholders would range from $280 million to $360 million, an improvement from $2.4 billion in net losses a year ago.
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?"