Holiday comparable-store sales weren't quite as bad as expected, but unfortunately they confirmed one thing: Retailers are going to face a really bumpy road this year.
Looking at comp-store sales for November and December, the overall holiday selling period wasn't as downbeat as many retailers had feared. But both retail executives and analysts are growing increasingly nervous over 2008 with warnings of a recession — or "recession-like" conditions — as consumer spending slows to a crawl.
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?"