NEW YORK — A one-time tax credit offset lower sales, permitting The Sports Authority Inc. to more than triple its earnings in the fourth quarter.
For the three months ended Feb. 1, the Fort Lauderdale, Fla.-based big-box sporting goods retailer reported net income swelled 238.8 percent to $52.9 million, or $1.61 a diluted share. That compares with earnings of $15.6 million, or 48 cents, in the year-ago quarter.
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?"