Stocks swooned again Thursday, establishing a new low for the bear market and clamping down ever harder on companies dependent on consumer spending — including two of fashion’s marquee names.
Jones Apparel Group Inc. saw the value of its shares fall 47.6 percent, while Liz Claiborne Inc.’s shares declined 22.5 percent. So far this week, Jones and Claiborne have each lost more than 50 percent of their stock’s value.
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)