Investors pulled back strongly Thursday, driving down retail stocks 2.3 percent amid an unexpected rise in U.S. weekly jobless claims and worries over sovereign debt in Europe.
The S&P Retail Index fell 9.16 points to 392.19 as the Dow Jones Industrial Average dropped 2.6 percent, or 268.37 points, to 10,002.18. The Dow briefly traded below the 10,000 mark for the first time since November and suffered its worst point decline since April 20.
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)