The credit markets are showing some signs of health, but the stock market remains schizophrenic and, for retailers, mostly depressed.
The Standard & Poor’s Retail Index initially fell hard on Thursday only to claw its way back, closing down 1.5 percent, or 3.85 points, to 256.40, even as the Dow Jones Industrial Average staged a late rally to close up 172 points, or 2 percent, to 8,691.25.
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)