But executives said the impact of the coronavirus on the company’s North American and European businesses are yet to be seen.
But investors are disappointed by sales figures and Asian business.
The collection featuring the award-winning, platinum-recording artists launches today at stores in the U.S. and Latin America.
From cashmere sweaters to ties, the tariff delay on some Chinese fashion imports will give retailers breathing space to stock up ahead of the holiday spending period.
The Dow slid almost 400 points and retail stocks did not escape the sell off as investors became increasingly nervous.
Investors interpreted it as a positive sign that a further round of tariffs could be avoided.
The company blames online shopping and burdensome store leases as the culprit, despite the enormous appetite for jeans right now.