It's the holiday homestretch and fashion retailers are groping to meet sales and profit goals.
The weekend storm crushed business in the Midwest and much of the Northeast, making a challenging season for apparel even tougher. Women's sportswear, particularly in classic and basic styles and misses' sizes, as well as casual wovens, corduroy bottoms and heavier weight sweaters just aren't moving, according to certain retailers. And consumers are seriously procrastinating, according to the National Retail Federation's "Holiday Consumer Intentions and Actions Survey," conducted by BIGresearch. The poll of over 8,000 consumers indicates that as of Dec. 11, about 20 percent of adult males and almost 14 percent of women haven't started gift shopping yet, a grand total of 35 million, while an estimated 25 million have finished the task.
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)