Declining retail business and Mervyns’ bankruptcy resulted in a third-quarter drop in profits for Tarrant Apparel Group.
In the quarter ended Sept. 30, the Los Angeles-based design and sourcing firm reported an 87.2 percent slide in net income to $207,000, or 1 cent a diluted share, compared with $1.6 million, or 5 cents a share, in last year’s quarter. Sales in the period fell 20.3 percent to $56 million from $70.2 million a year ago.
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?"