NEW YORK — Federated Department Stores Inc. may have a new captain in Terry Lundgren, but the problem of its shrinking top line remains the same.
Despite the absence of a revenue run-up, Federated was able to improve its earnings, dramatically with special items and modestly without them, by way of expense controls. Savings in that area, though, are going to be harder to come by this year, the company said.
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?"