The Men’s Wearhouse Inc.’s agreement to buy Jos. A. Bank Clothiers lifted their shares and those of big & tall men’s specialist Destination XL Group Inc. as U.S. retail stocks overall fell for a second straight day.
The S&P 500 Retailing Industry Group pulled back 0.7 percent to 932.87, a steeper drop than either the Dow Jones Industrial Average or S&P 500, which declined 0.4 and 0.5 percent, respectively, to 16,351.25 and 1,867.63.
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)