Retail shares in the U.S. dropped nearly 2 percent as disappointment over holiday sales merged with ongoing anxiety about the approach of the fiscal cliff.
The S&P 500 Retailing Industry Group was down 11.2 points, or 1.7 percent, to 642.87 while, in the broader market, the Dow Jones Industrial Average fell 24.49 points, or 0.2 percent, to 13,114.59. The S&P 500 slid 6.83 points, or 0.5 percent, to 1,419.83.
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)