Michael Kors Holdings Ltd. may be losing a little of its Wall Street luster.
Shares in the fashion brand fell 5.9 percent Monday even though the firm reported a 50.2 percent increase in profits on a 43.4 percent gain in sales for the first quarter ended June 28. Analysts weren’t looking at the first-quarter numbers — they were more worried about the road ahead, including a projected decline in gross margins and operating margins going forward and concerns over the firm’s North American business.
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?"