NEW YORK — Increased promotional spending helped boost Sara Lee Corp.’s intimates and underwear business in the second quarter.
With comparisons helped along by heavy restructuring costs last year, the division’s operating profits rose 273.2 percent during the quarter to $209 million from $56 million a year ago. Excluding restructuring and the effects of strengthening of foreign currencies, operating income advanced 21.5 percent to $192 million from $158 million.
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?"