A noncash item drove losses deeper at American Apparel Inc. in the first quarter ended March 31, historically the company’s weakest earnings period. The Los Angeles-based vertical retailer posted a net loss of $46.5 million, or 42 cents a diluted share, compared with a net loss of $7.9 million, or 7 cents, in the year-ago quarter.
Net sales in the quarter increased 4.1 percent to $138.1 million, up from $132.7 million a year ago. Comparable-store sales improved 8 percent, including e-commerce, and wholesale 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?"