Boosted by an almost $20 million increase in sales, Delta Apparel Inc. reversed a year-ago loss in the first quarter. For the three months ended Sept. 27, the Duluth, Ga.-based vendor reported net income of $674,000, or 8 cents a diluted share, versus a net loss of $1.5 million, or 18 cents a share, for the same period last year. Net sales jumped 26 percent to $91.4 million from $72.6 million. Gross margins grew 320 basis points to 21.1 percent of sales, helped by increased prices in the activewear segment and a higher mix of retail-ready sales that the company said increased 36.6 percent to $41.4 million. Inventory fell $1.1 million to $128.5 million, and debt was reduced $1.1 million to $128.5 million, partly because of strong fourth-quarter sales and lower capital spending. “Demand for our portfolio of apparel products appears solid despite reduced retail open-to-buy dollars,” said president and chief executive officer Robert W. Humphreys. “In addition, we believe being recognized as a preferred supplier on certain retail programs has helped sales growth in our activewear business.” The company said it has put in place new marketing strategies to drive organic growth. Delta said it will continue to focus on cutting costs in its manufacturing operations. For fiscal 2009, Delta said it expected earnings per share of 70 to 90 cents on net sales of $340 million to $360 million.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim