Sometimes even beating Wall Street’s expectations and raising guidance aren’t enough for investors.
That was the case for Vince Holding Corp., which on Wednesday saw its shares fall even though the apparel brand beat expectations, raised guidance for fiscal 2014 and posted higher margins. Shares of Vince on Wednesday fell 11.5 percent to close at $34.27 in Big Board trading over possible disappointment that its revised forecast might be too low given that it beat Wall Street’s estimates by 4 cents.
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)