NEW YORK — Mothers Work Inc. posted mixed third-quarter results due to an overall weak retail environment and forgiving fashions in women's apparel that allow mothers-to-be to skip maternity stores.
For its third quarter ended June 30, Mothers Work posted net income of $1 million, or 17 cents a diluted share, down from $8.8 million, or $1.54 a diluted share, in the same year-ago period. Excluding charges in connection with the repurchase of debt, income in the current quarter would have been $5.5 million, or 90 cents a diluted share. Sales fell by 6.5 percent to $153.2 million from $163.9 million.
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?"