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.
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)