NEW YORK — Gadzooks Inc. lowered its second-quarter earnings and sales estimates as July sales fell below expectations.
The Dallas-based specialty retailer reported Tuesday that July sales are trending significantly lower than the company had forecast, with month-to-date comparable-store sales for July down approximately 9 percent. As a result, Gadzooks now expects total July sales to be in the range of $23.5 million to $24.2 million, and from $76.1 million to $76.8 million for the second quarter.
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?"