NEW YORK — If sweaters had sold as well as bras during the fourth quarter, Limited Brands chief executive Leslie Wexner would be a very happy man.
Instead, apparel sales and margins lagged behind those of innerwear dynamo Victoria’s Secret, holding down Limited Brands’ fourth-quarter bottom-line increases to 8.1 percent. Additionally, chief financial officer Ann Hailey said the company expects a 10 to 20 percent decline in earnings per share for the first half of the year, with flat to slightly better results in the second quarter offsetting declines in the first, and full-year EPS comparisons of flat to up 5 percent.
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?"