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

Body Of Fort Wayne Man Recovered From Pond

David Scheie

Cold Weather Tips from Fort Wayne City Utilities

Kayla Blakeslee

Two arrested in Mercer County park Sunday

Brooklyne Beatty