Although holiday sales outlooks are dour, investors appear to be standing by retailers pushing shares in the sector up 0.9 percent on Monday.
The S&P Retail Index, still near its high for the year, gained 3.60 points to close at 404.15, but retailers lagged the Dow Jones Industrial Average, which advanced 1.3 percent, or 132.79 points, to 10,450.95 in a day of particularly light trading, which is not unusual for an abbreviated holiday week.
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)