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.
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)