Sweden’s Hennes & Mauritz said same-store sales dipped 2 percent in June as inflation and economic worries kept shoppers out of stores. The fast-fashion giant said sales overall gained 8 percent on new store openings. H&M last month said same-store sales gained 14 percent. European retailers have been beset by diving consumer confidence and rising inflation linked to expensive gas and oil.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"