NEW YORK — Reduced inventories and renewed fashion interest could prod second-quarter retail earnings higher, despite Wall Street’s obvious concern about profit prospects.
Retailers last week released better-than-expected results for June and indicated that retail math was working in their favor. Sales and margins have moved higher, with strong activity in transitional and back-to-school merchandise, while inventories are down. Year-on-year inventory reductions were 22 percent at Talbots; 15 percent at Gap Inc.; 11 percent at Ann Taylor; 10 percent at Christopher & Banks, and 3 percent at The Limited.
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?"