Retail shares ended their worst week of 2014 with a 1.5 percent decline today, with J.C. Penney Co. Inc.’s 9.6 percent contraction among the market’s weakest performers.
One day after a 3 percent decline marked its worst single day of the year, the S&P 500 Retailing Industry Group struggled back from steeper losses in morning trading but still closed off at 847.72, leaving it 4 percent below last Friday’s close and 9.8 percent below its final mark of 939.81 at the end of 2013.
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)