Despite a surging bottom line, Tapestry Inc. reported second quarter profit and sales that were below Street estimates, citing a volatile economic and geopolitical backdrop.
The parent company of Ann Taylor, Lane Bryant and other apparel brands is expecting a bigger-than-expected loss in its second quarter, weighed down by sluggish sales in its kids’ and plus-fashion businesses.
The Kroger-anchored Sandy Plains Centre in Marietta, Ga., has been purchased by InvenTrust, one of the busiest acquirers of grocery-anchored open-air centers.