Jewelry retailer Tiffany & Co.'s earnings more than tripled in the third quarter, buoyed by the sale of its Tokyo flagship. The company also raised full-year-guidance.
For the three months ended Oct. 31, earnings climbed to $98.9 million, or 72 cents a diluted share, from $29.1 million, or 23 cents, in the year-ago period. During the quarter the company completed the sale-leaseback of the building that houses its Tokyo flagship for $328 million, which resulted in a gain of 48 cents a diluted share after tax.
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?"