Specialty retailers Bebe Stores Inc. and Pacific Sunwear of California Inc. posted earnings results after the markets closed on Thursday, with each one posting a loss.
At Bebe, which posted fourth-quarter results for the period ended July 6, the net loss was $20.8 million, or 26 cents a diluted share, against net income of $3 million, or 4 cents, a year ago. Net sales fell 9.4 percent to $119.2 million from $131.5 million, while comparable-store sales fell 7.1 percent in the quarter.
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?"