Better-than-expected retail sales in July jolted investors today, who pushed the S&P Retail Index up 0.9 percent, or 5.46 points, to 627.66.
The sector outperformed the Dow Jones Industrial Average, which inched up just 2.71 points to 13,172.14. Michael Kors Holdings shot up 16.5 percent to $49.33, and Estée Lauder Cos. Inc. rose 9.3 percent to $60.13. Both companies reported stronger quarterly earnings.
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)