With the weakening economy, Target has been walking a delicate tightrope, trying to convince consumers its prices are as low as Wal-Mart’s while touting its designer partnerships and style-driven products. Target Corp.’s second-quarter financial results, released Tuesday, indicate the retailer hasn’t quite convinced consumers they’ll find the bargains they seek.
Net earnings in the quarter ended Aug. 2 were down 7.6 percent to $634 million, compared with $686 million in last year’s second quarter. Earnings per share increased 2.4 percent to 82 cents, from 80 cents in the 2007 period.
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?"