TOKYO — Japanese retailers had another tough year in 2007 due to unusually warm weather and a variety of economic factors.
As well as a warm winter, price increases caused by the strength of the euro against the yen, inflation and a falling stock market discouraged Japanese consumers from loosening their purse strings. As a result, Japanese department stores saw sales decline for the 11th consecutive year.
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)