NEW YORK — The road from the trading floors of Wall Street to the showrooms of Seventh Avenue is paved with markdowns, but the fallout could also help the upscale sector turn the corner.
Executives at designer firms said the connection between the corporate accounting scandals and the spending habits of the high-end customer can be found in sale signs and clearance racks, where the value of designer merchandise can turn as quickly as a revised earnings statement.
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)