NEW YORK — Oakley Inc. and J. Jill Group Inc. now share an unflattering distinction — both firms reduced their fourth-quarter outlooks late last week and got beaten up on Wall Street because of it.
Soft sunglass sales at Oakley and a charge to restructure the firm’s European operations incited investors to drive down shares of the firm $2.17, or 17.7 percent, to $10.12 Friday on the New York Stock Exchange. The news was made public after the market closed on Thursday. The firm’s stock has over the last year traded as low as $8.87.
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?"