Retailers are trying to blame weak November comps on the wind and rain, but analysts are starting to see a worrisome underlying trend.
Many chains, even those without a strong presence in the Northeast, pointed to the impact of Hurricane Sandy on their results and explained they were caught flat-footed by the storm’s enduring effects. But experts, many of whom were also surprised by the tepid results, noted retailers just weeks ago were downplaying the storm’s impact; analysts instead focused on decelerating consumer spending just ahead of the holiday selling season.
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)