Euro jitters vexed global stock markets Tuesday, but Fossil Inc. took a direct hit after it warned of first-quarter sluggishness in Europe and cut its annual profit outlook.
Shares of the accessories and watch vendor fell 37.6 percent to $78.52 as the S&P Retail Index declined 1.1 percent, or 6.75 points, to 629.44 and the Dow Jones Industrial Average slipped back below 13,000, falling 0.6 percent, or 76.44 points, to 12,932.09.
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)