NEW YORK — A one-time write-off for its Rockefeller Plaza store and weakness in its women’s jeans forced Nautica Enterprises Inc.’s third-quarter profits down to just over half of year-ago levels.
For the three months ended Nov. 30, the New York-based apparel manufacturer reported net income plunged 46.5 percent to $7.3 million, or 21 cents a diluted share. That compares with last year’s earnings of $13.6 million, or 40 cents.
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?"