Sears Holdings Corp. managed to cut first-quarter advertising and payroll expenses enough to reverse year-ago losses even though revenues declined 9.2 percent as both its Sears and Kmart apparel businesses suffered.
Net income for the Hoffman Estates, Ill.-based firm tallied $26 million, or 21 cents a diluted share, and compared with year-ago losses of $56 million, or 43 cents. Revenues fell to $10.6 billion from $11.07 billion for the quarter ended May 2.
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?"