Abercrombie & Fitch Co. reported a GAAP net loss per diluted share of $0.23 for the second quarter ended July 29, 2017, compared to a GAAP net loss per diluted share of $0.19 for the second quarter last year. Excluding certain items, the company reported an adjusted non-GAAP net loss per diluted share of $0.16 for the quarter, compared to an adjusted non-GAAP net loss per diluted share of $0.25 last year. Year-over-year changes in foreign currency exchange rates did not have a meaningful impact on net loss per diluted share for the quarter. Click Read More below for additional detail.
Conde Nast continues its digital pivot with the publishing giant announcing plans to shutter the print edition of its beauty tome Allure, and the December 2022 magazine will be its last.
Editor-in-Chief Jessica Cruel broke the news to staffers this week along with the information that employees’ roles may change, but no layoffs have been confirmed yet.
“Our brand is stronger than ever across social and digital and our success is testament to our collaboration as a team and because we know just how and where our audience is accessing content in today’s ever-changing landscape,” wrote Cruel. “It’s our mission to meet the audience where they are and with this in mind, after our December print issue, we are making Allure an exclusively digital brand.”
more at: https://beautymatter.com/articles/print-is-dead-at-allure-magazine