Kenneth Cole Productions reported second-quarter earnings Thursday that plummeted 49 percent, hurt by decreased sales and increased expenses in the men's sportswear business.
For the three months ended June 30, earnings fell to $3.3 million, or 16 cents a diluted share, from $6.5 million, or 32 cents, in the year-ago period. Sales for the quarter dropped 13 percent to $108.3 million from $124.9 million, while same-store sales declined less than 1 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?"