As retailers posted better-than-expected same-store sales for November, the true read — total sales — on the kickoff of the holiday shopping season showed robust results.
The strong sales, coupled with leaner inventories at most retailers, temporarily faded prior concerns that eroded gross margins would weaken profits in the fourth quarter. Still, November same-store sales warranted scrutiny as a calendar shift may have artificially inflated results. Some retailers urged Wall Street to look at the November-December period before making any conclusions.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"