Retailers and Wall Street inched ahead today, holding on to the rally that followed the deal to avoid the fiscal cliff tax hikes.
The S&P 500 Retailing Industry Group rose 0.3 percent, or 2.01 points, to 667.19, as the Dow Jones Industrial Average advanced 0.3 percent, or 48.85 points, to 13,435.21. Retail stocks are up 2.3 percent for the year so far and the Dow is ahead 2.5 percent.
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)