ignore if posted already
Kate Spade's Company Tapestry
which carries name brand COACH was not doing well…
https://www.bloomberg.com/news/articles/2018-05-01/kate-spade-stuart-weitzman-struggles-weigh-on-tapestry-results
Same-store sales at Tapestry’s Kate Spade brand missed analysts’ estimates in the latest quarter, while production delays and other problems at the Stuart Weitzman brand were a drag as well. Same-store sales for the Coach brand, its biggest business, met projections, but the downbeat smaller brands and a full-year profit warning disappointed investors.
The results sent Tapestry shares down as much as 14 percent to $46 in New York Tuesday, the biggest intraday decline since August. They had climbed 22 percent this year through Monday’s close.