Teen specialty retailer Aéropostale Inc. said Wednesday that third-quarter earnings jumped 10.6 percent, driven by improved margins from more full-priced merchandise and inventory controls.
For the three months ended Nov. 3, earnings reached $36 million, or 48 cents a share, from $32.6 million, or 41 cents, in the same year-ago period. Sales for the quarter rose 7 percent to $412.6 million from $385.5 million, and total same-store sales increased 1.9 percent.
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?"