Consumers with historically low levels of debt could provide stores with “not great, not awful” retail sales growth of between 4 and 5.5 percent in 2013, similar to the 4.5 percent rate registered in 2012.
That was the estimate of Craig Vosburg, group executive of U.S. market development at MasterCard Worldwide, during a presentation with Cheryl Guerin, the company’s senior vice president and group head of U.S. marketing, on “Connecting Consumers and Retailers to Drive Sales Growth.”
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)