The Conference Board's Consumer Confidence Index in February fell to its lowest point in five years, keeping the economy on recession watch as shoppers fretted over the job market.
The Index dropped to 75 from 87.3 in January. Its two components also declined in February. The Expectations Index decreased to 57.9 from 69.3, while the Present Situation Index dropped to 100.6 from 114.3 last month.
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)