The headwinds are blowing harder than the tailwinds.
Moody’s Investors Service this week issued a report tamping down its expectations for earnings and sales among apparel and footwear vendors for the year. But the downward pressure on earnings isn’t coming as much from weak demand, which has some signs of strengthening recently, as much as it is the threat of higher costs.
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)