Abercrombie & Fitch Co.’s growing international business paid dividends in the second quarter, but the company said it would close 10 to 15 more U.S. stores than planned and warned gross margins were deteriorating.
Despite a 64.4 percent gain in net income for the quarter, shares of Abercrombie fell 7.8 percent to $65.47 in midday trading as investors focused on the second half.
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?"