NEW YORK — Hartmarx CEO Homi Patel oversaw another tough quarter for the Chicago-based apparel maker, which lost $3.5 million, or 10 cents per diluted share, for the first quarter ending February 29 amid a morose retail environment and negative consumer sentiment. Sales for the quarter were $119 million compared with $120 million the previous year.
The loss, the second consecutive quarterly deficit, was in keeping with the company’s most recent guidance.
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?"