There’s at least one retail sector bucking the recessionary headwinds: fast fashion.
On Thursday, Sweden’s Hennes & Mauritz and Spain’s Mango reported strong growth in 2008 — and bullish plans for expansion this year. H&M remains committed to opening 225 stores worldwide, adding 7,000 jobs. Mango, meanwhile, plans to unveil 150 stores.
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)