True Religion Apparel Inc., a Wall Street darling in 2011, disappointed investors late Thursday.
The Los Angeles-based firm’s shares fell more than 20 percent in after-hours trading following the company’s release of fourth-quarter earnings that unexpectedly declined and sales that, while higher, fell short of estimates. The firm initiated 2012 earnings guidance that also fell below Wall Street’s view, although revenue projections exceeded it.
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?"