In a sequence of store closings, layoffs, huge promotions, inventory reductions and stalled expansion plans, specialty retailers hoping to survive the economic crisis may have to use more than a scalpel to cut costs. With no signs of a letup in the recession and many secondary brands failing to gain traction with consumers, some retailers may be forced to wield an ax and sever their spin-offs, analysts said.
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)