The tightening global credit crisis and economic slowdown exacted a 6.2 percent toll on retail shares Tuesday and may begin to limit retailers’ plans for international expansion.
Once viewed as a partial remedy for the ills of the U.S. market, stores searching for growth abroad could begin to get a cooler reception overseas as consumers throughout Europe and Asia cut back, experts said.
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)