Reductions in expenses weren’t sufficient to offset declines in sales as Hampshire Group Ltd. saw its first-quarter loss expand.
In the three months ended March 30, the New York-based sportswear marketer saw net losses grow to $5.4 million, or 72 cents a diluted share, from $5 million, or 74 cents, in the prior-year period. The reduction in loss per share was attributable to an increase in the number of shares outstanding.
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?"