Consumers were more likely to buy but more cautious about how much they spent last week as the number of shopping days before Christmas dwindled.
Data from the International Council of Shopping Centers indicated a drop-off in retail sales at chain stores in the week ended Dec. 8 versus the prior week. ICSC and its research partner, Goldman Sachs, reported that sales dropped 0.7 percent versus the week ended Dec. 1, which included Cyber Monday, while rising 2.5 percent from the comparable 2011 week.
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)