Retail Ventures Inc.’s second-quarter profits were down sharply as its retailing and investment activities proved less lucrative.
For the three months ended Aug. 2, net income fell 83.3 percent to $17.7 million, or 36 cents a diluted share, from $106.2 million, or $1.81 a share, in the year-ago quarter. Operating profit fell 83.2 percent to $22.1 million from $131 million as the largest component of both figures, increase in the fair value of derivative instruments, dropped to $16.7 million in the most recent quarter from $124.8 million in the 2007 period.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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