• MONTH OF THE MISS: More than half the stores tracked by Thomson Reuters — 51.9 percent — fell short of analysts’ expectations last month, with three specialty store firms (American Eagle Outfitters, Gap and Wet Seal) posting the largest shortfalls. Apparel chains cumulatively logged the lowest median increase, 1.3 percent, while department stores registered the highest, at 4.7 percent. The median increase was 3.1 percent versus the 3.4 percent expected.
• UPSCALE SURGE: Department stores generally did well, and the upscale component of the group — Saks Fifth Avenue, Nordstrom and Neiman Marcus — had the first, second and fourth biggest increases within the sector, with Dillard’s sneaking in as number three. Bon-Ton kept the group in unanimously positive territory, eking out a 0.1 percent gain.
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)