Americans are ending 2009 feeling better about their futures but less than merry about the present.
While The Conference Board’s Consumer Confidence Index rose to 52.9 this month from 50.6 in November, its two components went in distinctly different directions. The Expectations Index rose to 75.6, above November’s 70.3 and its highest level since the 75.8 reached in December 2007, but the assessment of current conditions, known as the Present Situation Index, sank to 18.8, the lowest since its 17.5 nadir in February 1983, from 21.2 last month.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)