Retail shares fell 2.5 percent Tuesday as an unexpected drop in March retail sales undermined hopes the recession might be near or even past its low point.
Sales at specialty stores last month decreased a seasonally adjusted 1.8 percent versus February, while department store sales fell 0.3 percent, the Commerce Department reported. Compared with a year earlier, specialty store sales declined 5.1 percent to $17.9 billion and department store sales dropped 5.5 percent to $16.1 billion.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"