U.S. retail stocks continued to fall Wednesday, dropping 0.6 percent even as broader markets regained some of the ground lost after Standard & Poor’s shined a spotlight on Europe’s credit troubles with downgrades for Greece and Portugal.
The S&P Retail Index fell 2.74 points to 478.33 after a 3.2 percent drop the day before, its worst day since August. Among the retailers losing ground Wednesday were AnnTaylor Stores Corp., down 3.4 percent to $22.68; Abercrombie & Fitch Co., 2.7 percent to $46.60, and Nordstrom Inc., 0.9 percent to $42.46.
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)