NEW YORK — The economic downturn is weighing heavily on Hartmarx which announced Thursday that it will close a sewing facility in Missouri and eliminate some 150 jobs. The cutting positions at that facility will remain.
The news came as the Chicago-based concern posted results for another tough quarter. Revenues for the three months ending Aug. 31 fell 8 percent from $135 million to $124 million. The company’s net loss for the period was $2.4 million, or 7 cents per diluted share, compared with a half a million dollar gain in the same period last year. The company has not posted a net gain thus far in 2008.
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?"