In what is likely to be the final quarterly earnings report before its anticipated mid-June acquisition by Ascena Retail Group Inc., the Bensalem, Pa.-based operator of Lane Bryant plus-size stores generated net income of $17.8 million, or 15 cents a diluted share, 31.7 percent below the $26 million, or 22 cents, realized in the first quarter of 2011. Adjusting for nonrecurring items in the quarters for both years, EPS was 16 cents, 2 cents below the analyst consensus estimate of 18 cents, compared to 18 cents in the year-ago period.
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?"