Declining revenues across all but one of its business segments, coupled with a spike in expenses, took a bite out of second-quarter earnings at VF Corp.
The Greensboro, N.C.-based apparel giant reported a 27.9 percent decline in earnings to $75 million, or 68 cents a diluted share, for the three months ended June 30, compared with earnings of $104 million, or 94 cents, during the same period a year ago. Management said higher pension expenses and the negative impact of foreign currency exchange accounted for 14 cents of the earnings decline.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"