U.S. retail stocks set another new high today as Ross Stores Inc., J.C. Penney Co. Inc., Kohl’s Corp. and Amazon.com Inc. all gained ground.
The S&P 500 Retailing Industry Group rose 2 percent, or 13.49 points, to 699.88, and set an all-time high of 702.78 midday. The index was led by Netflix Inc., which jumped 42.2 percent to $146.86 on a stronger-than-expected fourth quarter.
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)