Retail stocks took a drubbing Monday, sliding 0.8 percent on what was generally an up day for the markets. But a number of fashion firms, Phillips-Van Heusen Corp. included, raised quarterly profit guidance, noting business has been better than expected.
The S&P Retail Index fell 3.25 points to 413.64, while the Dow Jones Industrial Average advanced 0.4 percent, or 45.80 points, to 10,663.99 as investors digested a rise in Chinese exports and anticipated fourth-quarter results from aluminum maker Alcoa Inc., which reported a smaller loss after the markets closed.
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)