NEW YORK — Lane Bryant provided an additional plus for its parent, Charming Shoppes, in the quarter.
For the three months ended Aug. 3, income for Charming Shoppes, based in Bensalem, Pa., skyrocketed 72 percent to $25.5 million, or 20 cents a diluted share, 2 cents ahead of consensus estimates and 72 percent above the $14.9 million, or 14 cents, posted in the year-ago quarter. Sales were up 59 percent to $638.3 million from $402.7 million. Results include sales from Lane Bryant, which was acquired on Aug. 16 last year. Comparable-store sales inched up 1 percent.
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?"