NEW YORK — The Talbots Inc. fell short of its year-ago profit performance, but it did manage to better its own guidance by a penny.
Boosted by stronger full-price selling in the latter part of the quarter, which offset decreased inventory for the chain’s semiannual summer clearance sales, Talbots posted a 7.6 percent decline in income for the second quarter ended Aug. 2 to $18.5 million, or 32 cents a diluted share, from $20 million, or 33 cents, in the same year-ago quarter. Wall Street consensus estimates were 31 cents, according to First Call.
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?"