Shares of Sears Holdings Corp. fell 6 percent Wednesday, closing at $4.70 in Nasdaq trading, after the company said it would post a smaller third-quarter loss and sell more stores.
The company is projecting a net loss of between $525 million and $595 million on revenues of $3.7 billion. Consolidated comparable-store sales fell 15.3 percent, with comps at Kmart down 13 percent and at Sears 17 percent. That compares with a loss of $748 million a year ago on revenues of $5 billion. Store closures contributed to the decline in revenues. Wall Street was expecting revenues of $4 billion.
Super-influencer @chiaraferragni doesn't miss a beat— or a party. Last night, she inaugurated Pomellato's newest boutique on Rodeo Drive, decked out in bling from the jewelry brand. At the event, Ferragni took some time to sit down with us to discuss motherhood, being a newlywed, and the hotly-anticipated documentary she is currently filming.
Photographed by @chelsealaurenla
As the conversation around sustainability only grows stronger in fashion circles, Everlane has made a new declaration: it’s saying goodbye to virgin plastic. The company, whose ethos is all about “radical transparency,” in terms of pricing and ethical factories, plans to be completely free of virgin plastics by 2021. “We’re producing millions of units and every unit that goes out is wrapped in plastic,” said founder and CEO, Michael Preysman. “At the beginning, it was like, ‘Hey, let’s just take off all these plastic bags.’ There are a lot of complications to that. Everything you buy in the world comes wrapped in plastic when it comes out of the factory.”
Meet Flamingo. The direct-to-consumer brand is Harry’s first foray into products designed specifically for women. The line goes beyond shaving, venturing into a space that is typically relegated to darker corners of the drugstore — at-home waxing. #wwdbeauty