NEW YORK — When Gadzooks decided to transform itself into an all-girls format, the Dallas-based chain knew it first was going to cost them.
With the elimination of its $160 million young men’s business now complete, the retailer posted a second-quarter loss of $7.9 million, or 86 cents a diluted share, for the three months ended Aug. 2. Results include nonrecurring charges of $1.4 million related to store closures and between $2.6 million and $2.7 million related to the liquidation of its men’s business, or a total of 27 cents a share. That compared to a profit of $115,000, or 1 cents, in the same period last year. Still, the retailer was able to post results far ahead of the $1.02 loss Wall Street analysts were expecting.
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?"