Credit jitters collided with already anemic consumer demand and even a trio of hurricanes to send September same-store sales results to their low point for the year, reducing already sober holiday expectations even further.
Although Wal-Mart Stores Inc.’s U.S. stores eked out a 2.4 percent gain in comparable-store sales, just missing analysts’ predictions of a 2.5 percent pickup, retailers, particularly department stores, got clobbered by the effects of the global financial crisis and Hurricanes Gustav, Hanna and Ike, causing many to slash third-quarter guidance and a few to even question if their already miserly management of inventories has been sharp enough to minimize their exposure heading into the holiday season.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)