Second-quarter results at Avon Products Inc. certainly weren’t its best, but there are indications of improvement, with the North American market possibly returning to profitability in 2015.
The company posted results for the period ended June 30 that saw a 40.4 percent decline in net income to $19 million, or 4 cents a diluted share, from $31.9 million, or 7 cents, a year ago. Total revenues fell 12.8 percent to $2.18 billion from $2.51 billion, which included a net sales drop of 13.3 percent to $2.14 billion from $2.47 billion.
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?"