NEW YORK — Sara Lee Corp.’s Intimates and Underwear unit generated a 62.2 percent increase in its first-quarter operating income, despite nearly flat sales.
Intimates and Underwear’s income skyrocketed to $206 million in the three months ended Sept. 28 from $127 million in the year-ago quarter. The unit’s sales ticked up 0.3 percent to $1.69 billion from $1.68 billion.
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?"