Cold weather and markdowns delivered better-than-expected January comparable-store sales, giving retailers a much-needed pick-me-up after a lukewarm holiday season.
The strong results made for a nice send-off, as Kohl’s Corp., Macy’s Inc., Nordstrom Inc. and Target Corp. have opted to cease reporting monthly comps going forward. Gap Inc. said Thursday that while it would continue reporting comps, it would release results after market, instead of before the market opens. That will leave only 13 retailers reporting monthly comps.
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)