Shares of Kate Spade & Co. dropped 25.4 percent to $29 as investors put concerns about the company’s margins over satisfaction with its reduced second-quarter loss.
The pullback in Kate Spade stock, centered on liquidations of its Kate Spade Saturday inventory and their negative impact on gross margin, was by far the largest move by any of the 100 equities on the WWD Global Stock Tracker, which declined 0.2 percent to 98.04 for the day.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)