Retail stocks jumped today as the investor reading of the fiscal cliff tea leaves appeared to improve.
The S&P Retailing Industry Group rose 2.5 percent, or 15.80 points, to 655.93 as the Dow Jones Industrial Average increased 1.7 percent, or 207.65 points, to 12,795.96. Among the day’s strongest stocks were The Bon-Ton Stores Inc., ahead 8 percent to $11.35; Abercrombie & Fitch Co., 7.2 percent to $43.80; The Men's Wearhouse Inc., 5.4 percent to $33; Jos. A. Bank Clothiers Inc., 5.2 percent to $47.10, and Fifth & Pacific Cos. Inc., 4.8 percent to $11.67.
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)