Oxford Industries Inc. missed profit estimates in the third quarter and cut its outlook for the year, citing weakness at Ben Sherman.
Net earnings increased 85.3 percent to $3 million, or 18 cents a share, from $1.6 million, or 10 cents, a year ago. Excluding special charges, earnings rose to 19 cents a share, but fell 2 cents shy of the 21 cents analysts projected.
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?"