Faster flow, fewer logos, and a sharper focus on runway and street looks. That’s a big part of the fashion fix at Abercrombie & Fitch Co., which has appeared to turn a corner.
On Wednesday, the $4.3 billion youth retailer reported strong third-quarter results. Profits shot up 40.5 percent to $71.5 million, or 87 cents a diluted share, from $50.9 million, or 57 cents, representing the highest earnings per share since 2007. EPS came in 28 cents ahead of the 59 cents analysts projected, driving the stock up more than 34 percent to close at $41.92 from $31.18.
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?"