Struggling Sears Holdings Corp. reported second-quarter losses that more than doubled from last year, and were even worse than two years ago.
Sears said Thursday that its loss widened to $508 million, or $4.68 a diluted share, from $250 million, or $2.33, for the second quarter in 2017. Sears’ loss narrowed last year due to financial maneuvers, such as store closures, undertaken by the company to shore up its bottom line. But what’s concerning now, and perhaps no surprise, is the fact that this year’s loss was wider than the loss of $395 million, or $3.70, in the same period in 2016. The company said adjusted EBITDA was a loss of $112 million, compared with a loss of $66 million in the year-ago quarter.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion
Earlier this month at the #WWDStyleDimension, @origins previewed its latest face mask— Hello Calm with relaxing and hydrating Cannabis Sativa Seed Oil. It’s now available in Origins stores & online, and on @sephora.com. Perfect for some post fashion week R&R. #DiscoverOrigins