Tandy Brands Accessories Inc. president and chief executive officer Rod McGeachy believes the firm is on track to break even in 2013 despite a third quarter in which its losses narrowed only slightly.
“We exited some unprofitable businesses and selectively shrunk the top line in order to improve the bottom line,” McGeachy told WWD. “Our selling, general and administrative expenses were down $1 million in the quarter, and our debt is down to $7.5 million from $20 million a year ago. Our new licenses are starting to take off. We’re hoping for profitability in the next fiscal year.”
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?"