NEW YORK — Liz Claiborne Inc.'s stock fell 18.4 percent, or $4.12, to close at $18.31 Thursday after the vendor warned that its fourth-quarter and year-end earnings would miss guidance and expectations.
When it reports its audited earnings on Feb. 27, Claiborne said it expects to post a fourth-quarter loss of 90 cents to $1 a share, compared with profits of 71 cents a year earlier. Sales for the three months came in at roughly $1.21 billion, down 3 percent from a year ago.
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?"