NEW YORK — It was a good news-bad news day for Wal-Mart Stores Inc. on Wednesday: It won the numbers game, but was soundly defeated in its attempt to build a smaller-format store in Dallas.
After a day of tense debate in front of a packed hearing room, the 15-member Dallas City Council unanimously rejected the giant retailer’s third proposal for a new concept. The motion was denied with prejudice, meaning Wal-Mart cannot come back with another try at the same site for two years.
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?"