Bon-Ton Stores Inc. led fashion stocks higher today, jumping 12.8 percent to $10.21 despite posting net losses for the second quarter.
The beleaguered department store chain, however, saw comparable-store sales rise 1.6 percent for the three months and outgoing president and chief executive officer Brendan Hoffman said the company was well positioned for fall. The company is now looking for diluted earnings per share of 25 cents to 55 cents for the full year, ahead of the 17 cents analysts had penciled in.
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?"