Phillips-Van Heusen Corp. on Wednesday posted a drop in second-quarter profits due in part to declines in the wholesale and retail heritage brand businesses that were offset by strong growth in its Calvin Klein licensing operation.
For the three months ended Aug. 3, income declined by 25.3 percent to $29.2 million, or 56 cents a diluted share, from $39.1 million, or 68 cents, in the same year-ago period. Earnings were also negatively impacted by $5 million in start-up costs associated with the firm’s Timberland wholesale men’s sportswear business and Calvin Klein specialty retail stores.
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?"