Consumer spent more than expected last month as incomes grew, and although the retailers missed out on much of that spending, there are signs that momentum could be turning in the industry’s favor.
February personal consumption expenditures rose 0.7 percent on top of the 0.4 percent rise in January, according to a Commerce Department report today. The gain in February came in ahead of the 0.6 percent economists projected.
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?"