Retail stocks joined world markets on a gut-wrenching roller-coaster ride Monday, and there’s no telling how or when the stomach pains will end.
Shares fell by as much as 8.1 percent before a late rally helped the industry recoup some of its lost ground in the final hour of trading. Driven at least in part by the ever-worsening outlook for the holiday season, the Standard & Poor’s Retail Index ended the day down 2.5 percent, or 8.25 points, to 323.58.
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?"