June comparable-store sales flexed some unexpected muscle, but the lift may be more of a short-term mirage created by economic stimulus checks and store promotions than revitalized consumers.
With the last of the government stimulus checks being mailed today, Wall Street was hardly sold on the idea of a turnaround as the Standard & Poor’s Retail Index slid 3.2 percent even as the Dow Jones Industrial Average rose 0.7 percent. The S&P 500 was up 0.7 percent.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)