Forget the sluggish holiday season, global economic malaise and the drawn-out debate over the fiscal cliff — 2012 was a big year for retail on Wall Street.
The S&P 500 Retailing Industry Group was up 21.3 percent for the year to 639.52. That’s well ahead of the Dow Jones Industrial Average’s 5.9 percent gain and an indication that, while it’s been a bumpy road lately, retailers have been doing something right.
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)