Local News

Vera Bradley Blames Lower Profit on Write-Down, Recall

FORT WAYNE, Ind. (WOWO): Fort Wayne-based Vera Bradley Inc. is seeing a decrease in profit. The company is reporting a fourth quarter net income of $19.4 million this year, compared to $25.1 million for the same period last year. Vera Bradley is partially blaming the lower profit on a write-down involving fabric patterns they say are “no longer considered sustainable.” The company has also announced a recall of some stuffed toys.

Related posts

Ohio Unemployment Rate Drops to 4.5 Percent

Darrin Wright

Local Construction Companies Merge

Darrin Wright

Noble County crash sends one man to the hospital…

Kayla Blakeslee