Shares of Aéropostale Inc. fell 7.3 percent in afterhours trading today after chief executive officer Thomas Johnson said the company was steering a “cautious” path for the holiday season. The stock dropped $1.03 to $13.09. Investors expected bigger things from the chain and during the normal trading session pushed the stock up 6.1 percent to $14.12.
“While our performance over the Black Friday weekend was encouraging, the environment during the first few weeks of November was challenging,” said Thomas Johnson, chief executive officer. “As a result, we continue to be cautious for the remainder of the quarter given the inconsistency we are seeing in our business against the backdrop of a highly promotional environment.”
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?"