Retail stocks rose 5.8 percent last week, supported by readings of consumer confidence and the job market that were negative, but no worse than feared.
The same kind of proportionality — if retailers are lucky — could apply to comparable-store sales reports this Thursday. Some chains are expected to show signs of stabilization in March, as well as a benefit from the timing of Easter, and even if the numbers aren’t actually good, the absence of downright bad results might be enough to send stocks higher.
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)