Lower gross margins ate into earnings at Levi Strauss & Co. as revenues expanded in the first quarter.
The San Francisco-based company attributed the margin declines to higher sales allowances and discounts to retailers in an effort to move excess and obsolete inventory in both its Levi’s and Dockers businesses.
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?"