Shares of women’s specialty chain The Talbots Inc. dropped 14.6 percent Tuesday to $10.71, after the retailer of classic women’s apparel lowered its third-quarter revenue guidance.
Citing inconsistent traffic patterns at its stores, the Hingham, Mass.-based retailer now expects third-quarter sales to fall by a low-single-digit percentage. According to chief executive officer Trudy F. Sullivan, the decline is a “reversal of the improving trends we saw in the first half of the year [although] sales in our direct business continue to trend positive quarter-to-date.”
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?"