Retail stocks slid 1.9 percent Monday, joining in the general market sell-off that accompanied the Obama administration’s plan to remake the U.S. auto industry beginning with the ouster of General Motors chairman and chief executive officer Rick Wagoner.
The S&P Retail Index fell 5.76 points to 291.12 as the Dow Jones Industrial Average slid 3.3 percent, or 254.16 points, to 7,522.02.
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)