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.
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?"