Wicked winter weather couldn’t keep consumers from spending in February, propelling retailers to their best month of same-store sales results in more than two years and elevating hopes the upswing is here to stay.
Stores reporting numbers Thursday were aided by extremely weak year-ago comparisons but still managed to beat analysts’ projections despite lingering high unemployment, weak consumer confidence and continued deterioration in sales of new cars and homes. Even with these Swords of Damocles hanging over retailers’ heads, the surprisingly strong showing by stores in the first month of the first quarter of the new retail year fueled optimism the buying public is starting to get over its reluctance to shop.
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)