NEW YORK — Loehmann’s Holdings Inc. nearly doubled its third-quarter profits on double-digit increases in net and same-store sales.
In the three months ended Nov. 2, net income skyrocketed 90.5 percent to $5.4 million, or 73 cents a diluted share, from $2.8 million, or 41 cents, in the comparable quarter last year. Sales rose 13.3 percent, to $94.7 million from $83.6 million, and were up 12.1 percent on a comparable-store basis.
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?"