NEW YORK — Declines in its wholesale business outweighed gains at retail as St. John Knits International Inc.’s earnings slid by nearly two-thirds in the third quarter.
In the three months ended Aug. 3, the Irvine, Calif.-based sportswear maker reported net income of $1.9 million, or 29 cents a diluted share, 66.3 percent below the year-ago mark of $5.8 million, or 76 cents. Preferred stock dividends in the 2002 quarter subtracted an additional $737,000 from income allocated to common stockholders.
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?"