Five retailers filing second-quarter results Thursday, including the world’s largest, all exceeded or met analysts’ expectations despite declines in their same-store sales.
In a clear display of the importance being placed on inventory and balance-sheet management in a period of historically weak consumer demand, only one of the reporting companies — Wal-Mart Stores Inc. — posted an increase in earnings, and its 1.4 percent pickup came despite a 1.2 percent comparable-store sales decline, excluding fuel, after the first quarter in which it didn’t report its results monthly.
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?"