03.11.2015 - Vera Bradley reduced profit
Handbag manufacturer Vera Bradley reported a decline in profits in the last quarter amid falling sales of goods of leather and microfiber. As a result, the company's profit decreased to $ 5.7 million versus $ 7.6 million for the same period last year. Revenue grew by 1.5% to 120.7 million, against the forecast of 116-120 million dollars. The company has lost half of the value this year and may continue to fall in case of weak sales in the holiday period.