NEW YORK — A highly diversified portfolio of brands and business segments couldn’t prevent apparel giant VF Corp. from feeling the sting of the accelerating downturn of the global economy during the first quarter.
In addition to reporting a double-digit decline in earnings for the three months ended March 31, VF’s management said revenues were anticipated to fall between 5 and 7 percent in 2009, a downward revision from earlier guidance of 3 to 4 percent declines. Earnings per share are expected to be in the range of $4.70 to $5.00, compared with $5.42 in 2008. Management will also no longer provide quarterly earnings guidance going forward.
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?"