Retail stocks roared back Tuesday on signs of mounting economic vitality and indications e-commerce might supply some of the consumer spending energy brick-and-mortar retail formats appear to lack.
Bouncing back from a 0.5 percent decline Monday, the S&P Retail Index began the month with a 7.28 point, or 1.8 percent, advance to 409.45 after falling as low as 397.49 in Monday’s session. The retail index outperformed the major indices, but all registered gains of 1.2 percent or more. The Dow Jones Industrial Average rose 1.2 percent to 10,471.58.
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)