WASHINGTON — Retailers here could get a temporary reprieve from the economy’s doldrums as millions of people pour into the nation’s capital and loosen their purse strings to celebrate the historical inauguration of President-elect Barack Obama.
Stores, restaurants and hotels are expected to see a year-over-year bump of $7 million to $10 million from the inauguration, said Dan Tangherlini, city administrator. The estimated price tag of putting on the inauguration for Washington and surrounding areas in Maryland and Virginia is roughly $75 million.
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)