WASHINGTON — The government's tax rebate checks are giving some much-needed relief to retailers.
Retail sales at department stores increased 0.8 percent to $17.1 billion in May from the previous month, while specialty store sales gained 0.5 percent to $18.98 billion. Analysts said the gains in May were largely driven by the federal tax rebate checks distributed in late spring. By the end of the month, $50 billion in stimulus funds had been sent to consumers.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"