As retail stocks moved markedly lower on Wall Street Tuesday, the second largest U.S. mall owner, General Growth Properties Inc., said it may have to resort to bankruptcy as it struggles to meet debt obligations.
GGP shares fell 88 cents, or 64.2 percent, to end the New York Stock Exchange session at 49 cents, 99.1 percent below the 52-week high of $51.24 last Nov. 14.
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)