Retail shares rose 1.4 percent Monday — only the second increase for the sector during the last 10 trading sessions — as investors turned their attention toward September same-store sales reports due out Thursday.
The S&P Retail Index rose 4.95 points to 372.34. Retail shares slid 1.3 percent last week as the U.S. unemployment rate hit 9.8 percent, lender CIT Group Inc. flirted with bankruptcy a second time and investors reconsidered their positions because of continuing consumer weakness.
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)