Unifi Inc.’s fiscal year is off to a strong start.The North Carolina-based yarn manufacturer posted net sales of $164.2 million for its first fiscal quarter, and increase of 2.7 percent compared to the same period last year. Unifi also tallied net income of $9 million for the quarter, a slight decrease from $9.4 million a year ago.Kevin Hall, Unifi’s new ceo, said the company “grew domestic and international sales despite continued market pressures” during the quarter, and he cited the increased popularity of “premium value-added” products, like its recycled yarn Repreve.“Overall, pva products now account for more than 40 percent of our consolidated sales, driving another strong quarter, with contributions from our Repreve platform of products,” Hall said. “We remain focused on recycling and innovation to fuel our growth, and are proud to maintain the portfolio diversity we believe is necessary to succeed over the long-term."Hall joined Unifi in May from Geneva Watch Group, where he also served as ceo. The position was open for more than a year after Unifi’s former ceo William Jasper suddenly retired and moved to a consulting role.This was in the wake of a lawsuit filed in local North Carolina court by a Unifi sales manager accusing Jasper and some other executives of a scheme involving phony expense reports that covered tens of thousands of dollars in personal purchases. The case was subsequently settled out of court.Unifi’s chief financial officer left around the same time that Hall took over and last month the company named Jeffrey Ackerman to the role.Hall said with a new team in place, he expects Unifi “to become the global textile industry leader in recycling and an innovation partner of choice.”Looking ahead to the full fiscal year, Unifi expects revenue to grow in the low-single-digit range and operating income to grow in the mid-single-digit range after capital expenditures of around $35 million.Last year, the company saw net sales rise 0.6 percent to $674.3 million, while net income fell 4.3 percent to $32.9 million.For More, See:VF Shares Up on Q3 ReportP&G Focuses on China, Where E-commerce Sales are $1BSears Taps Edward Lampert for Another $40M Loan
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia