U.S. retail stocks maintained their resiliency today, inching up to a new high even as markets slipped on global economic concerns.
The S&P Retail Index managed to rise 0.3 percent, or 1.55 points, to 586.33. The broad measure of retail continues to push its limits and hit a new all-time high of 587.94 in midday trading. The retail gainers included Aéropostale Inc., up 2.9 percent to $18.63; Charming Shoppes Inc., 2.3 percent to $5.83; Liz Claiborne Inc., 1.8 percent to $11.63; Abercrombie & Fitch Co., 1.5 percent to $49; Urban Outfitters Inc., 1.5 percent to $28.52, and Michael Kors Holdings, 1.4percent to $48.63.
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)