NEW YORK — Special charges related to its Great Indoors business depressed Sears, Roebuck & Co.’s third-quarter profits, but a strong response to apparel and accessories helped push net and same-store sales ahead.
For the three months ended Sept. 27, the Hoffman Estates, Ill.-based national department store chain said net income fell by more than a fifth, or 22.2 percent, to $147 million, or 52 cents a diluted share. That compares with last year’s earnings of $189 million, or 59 cents.
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?"