Abercrombie & Fitch Co. was stung by the slowdown in consumer spending in the second quarter.
The retailer reported a 4.2 percent fall in second-quarter profits Friday to $77.8 million, or 87 cents a diluted share, from $81.2 million, or 88 cents a share, in the same period last year. Second-quarter sales rose 5.1 percent to $845.8 million from $804.5 million a year ago.
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?"