Gottschalks Inc. cited a tax expense and poor economic conditions Thursday for a third-quarter loss that more than doubled.
In the three months ended Nov. 1, the Fresno, Calif.-based department store chain posted a net loss of $10.1 million, or 76 cents a diluted share, versus a loss of $4.1 million, or 30 cents a share, in last year’s quarter. Revenues fell 12.7 percent to $121.4 million from $139.1 million a year ago. Same-store sales fell 12.1 percent in the period.
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?"