Smaller retailers are continuing to excel in a tough market even as their margin over larger stores narrows.
In the second monthly SpendingPulse for Small Business survey, prepared by MasterCard Advisors in collaboration with Wells Fargo, sales at smaller establishments grew 6 percent in July, down from their 8 percent growth rate in the initial June study. Overall retail grew at a 3.3 percent pace in July versus the 3.4 percent growth rate in June. The results marked the 10th consecutive month in which smaller retailers, many of them independents, have achieved better results than retailers in general and, by extension, larger chain operations.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)