The collection drops on Nov. 12.
The DKNY and Donna Karan parent company expects revenues to decline another 28 percent to 33 percent in the back half of the year.
The retailer is slowly reopening stores around the world, but says sales volumes are only at about 70 percent compared with the same time last year.
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.