The belated arrival of spring released some pent-up demand and helped produce sales gains in May, but the remnants of high first-quarter inventories are serving as a potent reminder of retail’s uncertain state.
The small sample of stores that continue to report monthly comparable sales registered better-than-anticipated results for May, even weighed against strong year-ago numbers. Excluding drugstores, Thomson Reuters put the median change for the month at plus 4.6 percent, a full point above expectations.
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)