October was no treat for American retailers, especially at the high end.
If any more proof were needed that even luxury consumers are slamming their wallets shut in the economic downturn, last month’s comparable-store sales provided it as Neiman Marcus Inc., Saks Inc. and Nordstrom Inc. all reported double-digit declines.
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)