G-III Apparel Group topped second-quarter profit expectations and did what many of its retail counterparts could not — raise expectations for the year.
The company’s second-quarter income jumped 164 percent to $3.6 million, or 17 cents a diluted share, from $1.4 million, or 7 cents, a year earlier. Earnings per share came in 7 cents better thanthe 10 cents analysts projected.
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?"