Lower cotton prices helped VF Corp. deliver higher-than-expectedfirst-quarter profits and the best gross margin result in its history.
Cotton’sreversal significantly helped the profitability of VF’s jeanswearcoalition, which saw operating income spike 29.4 percent to $143.3million, even as the unit’s sales declined 3.2 percent to $717.9 millionon weakness among midtier retailers in the U.S., as well as in itswholesale businesses in China and southern Europe.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)