NEW YORK — The losses keep coming for multichannel retailer Delia’s Corp.
Less than a month after reporting a $12.4 million fourth-quarter loss and a $19 million loss for the full year, Delia’s said its net loss for the first quarter ended May 3 hit $7.3 million, or 16 cents a share, including charges and fees related to its recent licensing and financing arrangements totaling $1.2 million on a pretax basis and 3 cents a share after taxes. In the year-ago quarter, Delia’s had net income of $11.1 million, or 25 cents a share, after a $15.4 million aftertax benefit from the effect of an accounting change. Excluding interest, taxes, depreciation, amortization and professional fees, the loss grew to $4.3 million from a $2.8 million deficit in the earlier quarter.
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?"