Retail stocks slipped modestly Monday despite hints the economic recovery is on the right track.
The S&P Retail Index dipped 0.1 percent, or 0.44 points, to 474.94 Monday, but is still trading at levels that prior to last week had not been seen since October 2007. The Dow Jones Industrial Average increased 0.7 percent, or 73.39 points, to end at 11,092.05, and the S&P 500 failed to break back through to 1,200, but closed up 0.5 percent, or 5.39 points, at 1,197.52.
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)