The post-Thanksgiving shopping hangover that carried through Christmas appears to be stubbornly hanging on into January.
Brought on by slow traffic and heavy promotions that have persisted into the new year, a flood of profit warnings that began in earnest last week continued Monday. It was led by Lululemon Athletica Inc.’s disclosure that a slowdown this month had caused it to reduce its profit expectations for the fourth quarter to a range of between 71 and 73 cents a diluted share from an earlier range of between 78 and 80 cents. Same-store sales, initially expected to be flat, are now seen falling in the low- to midsingle digits.
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?"