NEW YORK — Tighter inventory management and improved regular-price selling of late-summer merchandise helped boost Talbot Inc.’s second-quarter results despite an uncustomary sales decline.
For the three months ended Aug. 3, income was up 12.4 percent to $20 million, or 33 cents a diluted share, from $17.8 million, or 28 cents, in the year-ago quarter. The bottom-line picture represents a reversal of the first-quarter drop.
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?"