Retail rode Wall Street's roller coaster on Tuesday as the Federal Reserve Board's interest rate cut sent the market zooming. But daily thrill rides aside, the lack of credit could dry up any major deals in the industry for the foreseeable future.
That could put a crimp in deals such as Baugur Group's interest in acquiring Saks Inc., sources said. The Icelandic firm is said to need time to pull together the financing for a purchase of Saks Inc.
"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)