Bolstered by strong wholesale sales and a lower tax rate, Polo Ralph Lauren Corp. on Wednesday posted third-quarter results that easily beat Wall Street's expectations.
The company also acknowledged a shift in shopper sentiment and spending, but told WWD that consumers seem to be pulling back more in the U.S. than in other markets. Roger Farah, president and chief operating officer, described the change in consumer sentiment and spending patterns as "unprecedented," referring to the abruptness of the change and how it was felt across all channels in the U.S.
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?"