Retail’s respite from stock market declines lasted only a day, as investors pushed stores’ shares down 4 percent Tuesday on persistent fears shoppers will freeze their spending well into next year.
The Standard & Poor’s Retail Index fell 11.90 points to 287.10, giving back nearly half of Monday’s record-breaking 9 percent gain. Retail shares have fallen 27.5 percent since the end of August, just before the banking crisis and credit crunch shifted into high gear.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"