Jos. A. Bank's sales improved in the first quarter.
The situation stabilized a bit at Tailored Brands Inc. in the first quarter as the custom business continued to gain steam for the men’s wear retailer.
The former Men’s Wearhouse reported Wednesday that net earnings for the period ended April 29, were $1.8 million, up from $1.6 million for the same quarter of last year. On an adjusted basis, net earnings were $13.3 million, compared to $13.9 million last year. Operating income was unchanged, hitting $31 million for the first quarter of both 2016 and 2017. On an adjusted basis, operating income for the first quarter was $48.2 million compared with $47.5 million in the same quarter last year.
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?"