BRASILIA (Reuters) — May retail sales in Brazil rose at the fastest pace in six months as the soccer World Cup helped to boost sales of television sets, government data showed on Wednesday.Retail sales volumes in Brazil rose 0.5 percent in May from April, the strongest increase since November 2013, statistics agency IBGE said. May's retail sales rose 4.8 percent from the year-earlier period, the IBGE added.Retail sales were expected to drop by 0.1 percent in May after falling for three consecutive months, according to the median estimate of 21 economists.The unexpected improvement was a welcome development for President Dilma Rousseff, who has watched the economy slow to a near-halt just as she campaigns for re-election.Higher interest rates and stubborn inflation have weighed as consumer confidence dwindled, depriving the Brazilian economy of one of its few reliable sources of growth.Sales of furniture and home appliances jumped 1.8 percent from April as Brazilians snapped up new TV sets to watch the World Cup tournament. Mother's Day, which is held in every second Sunday of May in Brazil, also pushed up sales, IBGE said.Eight out of 10 retail sectors surveyed saw higher sales in the month. Still, a broader measure of retail sales, including automobiles and building material, dropped 0.3 percent from April due to a steep decline in car sales.Yields on interest rate futures were little changed after the data was released as traders stuck to bets that Brazil's central bank will keep its benchmark interest rate unchanged at 11 percent through the rest of the year. The bank's monetary policy committee meets later Wednesday.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim