Shares of Coach Inc. fell 6.5 percent in trading Tuesday to close at $61.03 after the company said during its fourth-quarter conference call that gross margin for the current fiscal year would be “essentially flat” compared with the year just ended.
Lew Frankfort, chairman and chief executive officer, told WWD, “I feel very positive that we can maintain high margins in the 72 percent to 73 percent [range]. We’re pleased to be able to maintain our margins in that range in the face of increasing costs.”
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?"