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.
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?"