Retail stocks inched up 0.1 percent Wednesday, but Wall Street posted a modest decline as investors tried to shrug off an unexpected contraction in the U.S. economy.
The nation’s gross domestic product fell at an annual rate of 0.1 percent in the fourth quarter, down from 3.1 percent growth in the third quarter, according the Commerce Department’s advance estimate. Economists projected a 1.2 percent gain in gpd.
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)