Lower cotton prices helped VF Corp. deliver higher-than-expectedfirst-quarter profits and the best gross margin result in its history.
Cotton’sreversal significantly helped the profitability of VF’s jeanswearcoalition, which saw operating income spike 29.4 percent to $143.3million, even as the unit’s sales declined 3.2 percent to $717.9 millionon weakness among midtier retailers in the U.S., as well as in itswholesale businesses in China and southern Europe.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)