Adidas Profits Fall 97 Percent; Stella McCartney Details the Pitfalls of Her Met-Gala Jumpsuit

Stella McCartney.

• Adidas AG's net profits fell 97 percent in the first quarter. Aggressive cutbacks are planned. [WWD]

• The Costume Institute Gala raised $5.4 million this year, $2 million less than last year. [WWD]

Stella McCartney: "I love a jumpsuit. I wore one last night, at the Met event, and I had to have a girlfriend take me in and out of it every time I had to go to the bathroom — so it does have its drawbacks, but I love them because they’re just so effortless. I think that pretty much sums up my brand." [Fashionista]

• Online shoe retailer Piperlime will start selling clothing. The specific labels are being kept secret until tomorrow. [WWD]

• Designer Anya Hindmarch's London store was robbed, for the sixth time, earlier this week. Thieves made off with £45,000 worth of spring 2009 stock. [British Vogue]