Despite posting impressive revenue and earnings gains in the first quarter, VF Corp. wasn't immune to the difficulties of the U.S. retail environment and will be pulling the plug on the Nautica women's sportswear business as a result.
"Given the consolidation in the department store channel and the challenging environment in the women's better sportswear category, we were not able to gain critical mass in the category," Bob Shearer, chief financial officer of VF, said of the Nautica women's business during a conference call with analysts.
"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)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)