The economy has claimed its first major department store casualty — stoking fears more may come.
On Friday, the $2.5 billion Mervyns said it would liquidate, holding going-of-business sales at its remaining 149 locations and auctioning off its store leases. The 59-year-old moderate-price regional department store chain was once a dominant force in California and the Southwest.
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)