Phillips-Van Heusen Corp. handily beat analysts’ expectations for the second quarter and raised its guidance for the year, but still suffered profit and revenue slides in the period. For the three months ended Aug. 2, the owner and marketer of Calvin Klein, Izod and Arrow posted net income of $26.6 million, or 51 cents a diluted share, a 9.1 percent decrease from $29.2 million, or 56 cents, in the year-ago quarter.
Total revenue was $529.3 million, down 5.6 percent from $561 million a year ago.
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?"