Summer’s just started, but retail might be cooling off, particularly in the rarefied world of luxe.
U.S. retailers started off the year on an upswing that was aided by a particularly mild winter, but the sales gains started to taper off by late spring. That slowdown has now run headlong into a general weakness in women’s designer fashions, slower economic forecasts for the U.S. and China and a flair up in Europe’s debt crisis.
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)