The evidence just keeps building that consumers have slammed their wallets shut when it comes to buying apparel.
A trio of major department stores — J.C. Penney Co. Inc., Kohl's Corp. and Nordstrom Inc. — all showed signs of wear and tear Thursday in reporting their first-quarter financial results. Profits at Penney's fell 49.6 percent, the bottom line at Kohl's slipped 26.8 percent and Nordstrom was off 24.2 percent.
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)