Banking and political leaders the world over are trying to nudge their economies back into growth mode, but the market’s crisis of confidence appears to be only worsening — and retail shares are feeling the pain.
The Federal Reserve, led by chairman Ben S. Bernanke, unveiled plans Tuesday to buy $400 billion in longer-term treasury debt and sell shorter-term debt in an effort to push interest rates lower. That could help more people refinance their home loans, reducing monthly payments and, the hope is, spur spending.
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)