Tumi Holdings Inc. posted lower profits for the first-quarter.
For the three months ended March 30, net income fell 22.6 percent to $8.2 million, or 12 cents a diluted share, from $10.5 million, or 16 cents, a year ago. Net sales rose 5.5 percent to $108.6 million from $102.9 million.
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?"