Shares of American Eagle Outfitters Inc. plunged on Friday, reaching the lowest level in six years after the teen retailer was downgraded on news that Susan P. McGalla, president and chief merchandising officer, will not renew her contract with the company.
Coming off Thursday's stock meltdown, most retail shares continued to slide and the Dow Jones Industrial Average almost reached bear market territory, down just under 20 percent from its October 2007 high. The S&P Retail Index fell 0.5 percent to 359.56. The Dow dropped 0.9 percent to 11,346.51 and the broader S&P 500 declined 0.4 percent to 1,278.38.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"