Retail stocks continued to test new highs for the year, rising 0.9 percent Tuesday despite a consumer holiday spending survey that suggested stores still have some tough sledding ahead.
Thirty percent of consumers plan to spend less this holiday season than last year, according to a survey by The NPD Group Inc. That’s an increase from last year, when 26 percent of shoppers were looking at holiday belt tightening.
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)