Retail shares plummeted 7.1 percent Wednesday as the equity markets were besieged by fears about price deflation, the health of Citigroup and the waning prospects for an auto-sector bailout from Washington.
The Standard & Poor’s Retail Index lost 17 points to end at 222.46 — its lowest close on record and down one-third from June 2002, when the index was recalibrated.
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)