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.
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?"