On Wednesday, Saks Inc. and Neiman Marcus Group reported healthy quarters, but the U.S.' top two luxury chains admitted they're feeling the recession, with slowdowns in shopper traffic. February same-store sales rose 3.4 percent at Saks, but fell 7.3 percent at Neiman's, some of which the Dallas-based retailer attributed to a shift in promotions back to January.
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)