Stein Mart Inc. said its first quarter profits decreased 4.2 percent to $14.1 million, or 31 cents a diluted share, from $14.7 million, or 33 cents, a year earlier. Adjusting for costs associated with supply chain improvements and e-commerce start up costs, the company’s profits were basically flat.
Sales for the three months ended May 3 advanced 2.3 percent to $328.9 million from $321.4 million with a comparable-store sales increase of 2.6 percent.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)