Retail stocks rose 0.4 percent Monday, making up some of the ground lost in Friday’s 3.3 percent drop.
There’s little indication the still-depressed markets are ready to take a decisive move up, as early second-quarter reports from major banks have painted a somewhat mixed picture of the economy. And investors are waiting for retailers to weigh in with their outlooks for the rest of the year when they report second-quarter results next month. Investors are also keeping a close eye on consumers, who have had their confidence shaken by continued weakness in employment.
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?"