MILAN — Softness in its Sunglass Hut International operation took the rap for lower second-quarter sales at Luxottica Group SpA, but operating efficiencies elevated earnings 8.1 percent.
The firm said its second-quarter net income rose to $111.8 million, or 25 cents a share, from $103.4 million, or 23 cents, in the 2001 quarter, as better operating margins offset weaker retail sales, especially at its recently acquired U.S. chain Sunglass Hut International.
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?"