NEW YORK — Aeropostale stockholders were advised to buckle their seat belts Tuesday as the teen retailer’s shares lost more than half their value one day after warning that its second-half profits would fall well below...
NEW YORK — Aeropostale stockholders were advised to buckle their seat belts Tuesday as the teen retailer’s shares lost more than half their value one day after warning that its second-half profits would fall well below expectations.
Blaming a slowdown in mall traffic, Aeropostale, which sells trendy teen clothing in 278 stores, cautioned investors that its third- and fourth-quarter earnings would fall well short of expectations, in ranges of 31 to 33 cents and 30 to 34 cents, respectively. The new guidance is significantly below what analysts had anticipated — 50 and 52 cents, respectively.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)