Retail stocks kicked off the second half on Monday in fine style, comfortably outperforming Wall Street — and analysts said the resilient consumer could propel stocks further during the key back-to-school and holiday seasons.
The S&P 500 Retail Industry Group rose 1.1 percent, or 8.57 points, to 796.94, outpacing the Dow Jones Industrial Average, which increased 0.4 percent, or 65.36 points, to 14,974.96. Retail stocks jumped 20.7 percent during the first half, ahead of the Dow’s 13.8 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)