Retailers in July clearly felt the impact of the economic downturn, raising concerns over this month as stores get serious about back-to-school and fall selling.
Wal-Mart Stores Inc. set the tone, missing analysts’ estimates with a 3 percent same-store sales gain in its U.S. discount stores in July and tempering expectations for August with a projection of a 1 to 2 percent gain in the critical retail metric.
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)