NEW YORK — Higher sales and lower costs allowed Friedman’s Inc. to return to profitability in the third quarter of fiscal 2002.
For the three months ended June 29, the Savannah, Ga.-based jewelry retailer reported net income of $2 million, or 11 cents a diluted share. In last year’s quarter the company posted a net loss of $7 million, or 49 cents. Earnings per share beat Wall Street estimates by a penny.
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?"