Capping a week of stunning economic developments, the federal government’s financial rescue plan gave analysts a chance to reconsider the fourth-quarter retail outlook — and most took a fairly dim view.
The breakneck pace of developments — the government’s decision to purchase distressed mortgages, temporarily banning short selling of certain stocks and strengthening money-market funds with an infusion of billions of dollars — were indicative of the dire circumstances as the credit market all but collapsed.
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)