The stock fell to $86.04, a new 52-week low, before rebounding slightly to $88.80.
Meanwhile, retail shares were mixed in early-session activity as IBM said fourth-quarter earnings will be higher than expected.
The Dow Jones Industrial Average was up 0.9 percent to 12,721.73, while the broader S&P 500 was up 0.6 percent to 1,410.10. The S&P Retail Index was down 0.05 percent to 366.11. Since early November the Retail Index has lost almost 18 percent.
For more, see Tuesday’s issue of WWD.