NEW YORK — Consumers continued their frugal ways last week, although Federated Department Stores was able to report a slight, and rare, upside surprise in its weekly sales report.
Federated upped its same-store sales guidance for the current month to between flat and down 2 percent. Previously, the parent of Bloomingdale’s, Macy’s and other department store nameplates was looking for a 4 to 5 percent dip. Its December comparable-store sales fell 2.6 percent, better than its 7.4 percent decline in November.
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)