Having just completed an unprofitable fiscal year characterized by declining sales, the Dallas-based accessories marketer is exiting noncore categories, such as eyewear and hunting gear, to focus on its key businesses in belts, small leather goods and gifts. It expects to reduce its headcount, currently about 400 full-time employees, by about 15 percent, to about 340, and improve its earnings before interest, taxes, depreciation and amortization by between $4 million and $5 million in the fiscal year that began July 1.
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?"