FIRST AIRED: June 2, 2016

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00:00:00
investors are dumping michael poor stock into the bargain bin wednesday the stock losing more than one fifth of its value the big drop in the affordable luxury brand quickening a slide which began more than a year ago once a darling on wall street and main street the company and the stock have yet to prove they are more than just a passing fad revenue growth last quarter was the slowest since the fashion brand went public to much fanfare back in december two thousand eleven course blamed the slower growth in north america on weaker demand for handbags and accessories , specially watches that slow down and watches in particular coincides with the coming of the apple watch , suggesting horst kief female shopper may have decided to hold back until she saw what was cut , from apple the north american consumer not course only problem lower spending from tourists in the north east and the southeast also prompting the company to give sales and profit forecast for the year that will weaker than wall street expected