NEW YORK — The Intimates and Underwear division of Sara Lee Corp. managed higher operating profits on flat sales in the third quarter.
The Chicago-based consumer goods giant reported that, in the third quarter ended March 29, its apparel unit’s operating income advanced 10.8 percent to $185 million from $167 million in last year’s quarter. Excluding restructuring costs, currency fluctuation and income and costs from closed, sold and acquired businesses, operating profits would have been $179 million versus $165 million, an 8.5 percent increase. Sales were unchanged at $1.5 billion in both years’ quarters.
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?"