Retail stocks declined for the seventh consecutive session, pulling back 0.4 percent as the major U.S. indices suffered smaller losses.
The S&P 500 Retailing Industry Group declined 3.92 points to 883.26, putting it 5 percent below its 929.86 on March 18, its last day of gains. Retail stocks are now down 6 percent for the year as investors adjust to the uncertain climate for retail sales that has been evident since Thanksgiving weekend.
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)