Revenues were $2.57 billion in the quarter, down 8.1 percent or 6.4 percent in constant currency. Post sale revenue was 79 percent of total revenue. Second-quarter adjusted operating margin was 13.3 percent, up 0.4 percentage points from the same quarter a year ago. Xerox generated operating cash flow of $343 million from continuing operations during the second quarter and ended the period with a cash balance of $1.25 billion. The company returned $68 million in dividends to shareholders. Click Read More below for additional details.
The issue, which goes on sale today coincides with the start of London Fashion Week, will feature three different covers featuring 19-year-old trailblazing hijab-wearing model Halima Aden, 73-year-old American model and actress, Lauren Hutton and 30-year-old supermodel Hilary Rhoda.
Readers can also look forward to exclusive interviews with the three cover stars, a review of the hottest trends coming out of New York fashion Week and an exclusive chat with designer to the stars Roland Mouret, as well as all of Grazia’s regular news and views.
The 252 page perfect-bound glossy magazine has attracted new advertisers including online fashion brand Three Floor and Calvin Klein Watches.
Commenting on the issue, Grazia editor Natasha Pearlman said: “The three women on Grazia’s Big Fashion Issue covers represent the groundbreaking diversity – of ages and backgrounds – in the fashion industry right now. 19-year-old Halima Aden – the first hijab-wearing supermodel on her first ever British magazine cover. Lauren Hutton – a fashion legend at 73, giving women of all ages the courage to enjoy fashion. And Hilary Rhoda – the 30-year-old supermodel who just celebrated ten consecutive years as an Estee Lauder ambassador. In this issue we also introduce fashion’s new model army – the models who represent the diverse body shapes of real women, as well as their shopping picks of the season for women of all sizes. And it’s not just a groundbreaking issue for its content. It also marks the start of our new approach to fashion in Grazia, covering more diverse fashion, more diverse body shapes and more diverse backgrounds to reflect the real lives and interests of our readers.“