Shares of American Eagle Outfitters Inc. dropped more than 17 percent in early after-hours trading Monday after the teen retailer cut its second-quarter profit estimates in half based on weakness in the women’s business.
The Pittsburgh-based operator of American Eagle and aerie said late Monday that earnings from continuing operations are likely to land at about 10 cents a diluted share, less than half the 21 cents registered in the second quarter of 2012.
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)