NEW YORK — Leading off the earnings season for specialty stores, youth-oriented Charlotte Russe Holdings and Bebe Inc. Thursday saw their profits go in opposite directions even as both warned that uncertainty in the retail environment,...
NEW YORK — Leading off the earnings season for specialty stores, youth-oriented Charlotte Russe Holdings and Bebe Inc. Thursday saw their profits go in opposite directions even as both warned that uncertainty in the retail environment, specifically mall traffic, had led them to take a cautious outlook for the holiday season.
For San Diego-based CR, tight inventory and expense control led to an 11.2 percent increase in net income to $5.9 million, or 25 cents a diluted share, for the fourth quarter ended Sept. 28. Last year, the firm reported income of $5.3 million, or 23 cents. On Sept. 19, CR lowered its guidance for the quarter to between 23 and 25 cents from a July outlook of 28 to 31 cents. Sales rose 22.5 percent to $109.4 million from $89.3 million, but fell 5 percent on a comparable-store basis.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)