Men’s accessories vendor Swank Inc. reversed a year-ago loss to post a second-quarter profit on a 9.3 percent sales increase highlighted by stronger sales of men’s jewelry and personal leather goods.
Net income for the three months ended June 30 was $1.4 million, or 26 cents a diluted share, versus a net loss of $61,000, or 1 cent, in the year ago quarter. Sales rose to $32.2 million from $29.4 million in the prior-year period, while gross margin advanced to 34.1 percent of sales from 29.4 percent in the 2010 quarter.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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