The holiday season might have raised hopes only to later deflatethem, but the general retail narrative — as read in fourth-quarterupdates from Tiffany & Co., Sears Holdings Corp., The Talbots, Inc.and Phillips-Van Heusen Corp. — appears to have remained unchanged.
The extremes of luxe, at Tiffany, and mass, at Sears, foresaw betterprofits, while the struggles of the muddled middle were seen in Talbots’projected loss, which sent its stock reeling. PVH illustrated thepotential for growth through acquisition by playing up the impact of itspurchase of Tommy Hilfiger in May.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"