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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"