The $700 billion bailout bill finally passed the House of Representatives today, albeit, with some changes and additions to the bill’s original form. While the day did see a slight bump upward for retail stocks, the S&P Retail Index closed lower than it did yesterday, and overall the index is down 11.7% from a week ago (WWD - subscription required).
One of today’s biggest losers was big box, Dillard’s, which ended the day at $11.06 per share- a 8.9% drop. I dread seeing the numbers this upcoming holiday season.
1 response so far ↓
1 style-fashion=you // Oct 9, 2008 at 4:34 am
Hi there,
Just on a different note.I think you have a cool job.Attorney in the fashion industry is getting best of both worlds,Law and Fashion. I actually never thought about this.We always hear about lawyers in the Entertainment Industry but rarely Fashion business. Good one!
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