Second Quarter highlights: •Total revenues increased 3% to $587.6 million. Comparable company sales increased 5% following a decrease of 5% in the second quarter last year. •J.Crew sales decreased 5% to $428.9 million. J.Crew comparable sales increased 1% following a decrease of 8% in the second quarter last year. •Madewell sales increased 29% to $121.7 million. Madewell comparable sales increased 28% following an increase of 12% in the second quarter last year. •Gross margin increased to 38.5% from 38.2% in the second quarter last year. Click Read More below for additional information.
While we celebrated our nation’s 243rd year of independence last week, many also mourned the death of a nearly 70-year-old American institution—Mad magazine.
I, along with most, were jarred by the news. But if anybody is surprised, then they clearly aren’t paying attention to what’s happening in this industry.
I apologize if this sounds cold. I truly loved Mad when I was younger, and still believe it created some of the best American satire over the past several decades. And right up to the end, its covers made me chuckle and I continued to admire its irreverence and cutting social commentary. Still, its time has come, and mourning another magazine’s death would become very tiring in my role.
So instead I have to ask: how did we get here? And I don’t mean Mad magazine specifically, as it is merely another victim of a serious illness that will continue to infect print publications, which I believe is intensified by frequencies.
more at source: https://www.foliomag.com/not-print-thats-broken-frequencies/