Retail stocks dipped 1.1 percent Thursday as the Dow Jones Industrial Average fell more severely, closing below 12,000 for the first time since January.
Investors were spooked by continuing turmoil in the Middle East, a bigger-than-expected rise in weekly jobless claims, a credit downgrade for Spain and a rare trade deficit from China, where imports outweighed exports by $7.3 billion last 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)