NEW YORK — The potential loss of some of its Polo Ralph Lauren licenses continued to command center stage, despite a 72.3 percent leap in Jones Apparel Group’s first-quarter earnings.
For the three months ended April 5, income skyrocketed to $121.8 million, or 90 cents a diluted share, from $70.7 million, or 53 cents, a year ago. Excluding special charges in the year-ago period, earnings would have risen a more modest 17.2 percent. Revenues rose 9.5 percent to $1.23 billion from $1.13 billion, which included a 9.5 percent gain in sales to $1.23 billion from $1.12 billion and a 13.6 percent spike in licensing income to $7.5 million from $6.6 million.
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?"