Shoppers plan to cut back on their holiday spending this year, but their end-of-year budgets for themselves and their families are headed in the opposite direction.
According to the National Retail Federation’s 2011 Holiday Consumer Intentions and Actions Survey, released today, consumers plan to spend an average of $704.18 on holiday gifts and seasonal merchandise, down 2.1 percent from $718.98 last year.
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)