NEW YORK — Shares of Coach Inc. slid 16.4 percent Wednesday to $50.75, after the handbag maker said sagging holiday demand and increased competition in the accessories market contributed to lower-than-expected second-quarter earnings. The New York-based brand also registered negative comparable-store sales in North America for the quarter, marking only the third time in 11 years that it recorded a negative comp.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)