November’s retail results put even more pressure on December to carry the season, the quarter and the year.
A better-than-expected Black Friday at the tail end of the month couldn’t save most stores from double-digit comp declines and in many cases was achieved only through vigorous priming of the promotional pump. That strategy could come back to hurt fourth-quarter earnings. An uncooperative calendar further complicated the scenario, moving post-Thanksgiving shopping days into December and boosting the burden of the calendar year’s final month.
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)