A slowdown in the rate of economic recovery is casting another pall over the retail world.
Blake Hallinan, a director in the consumer and retail investment banking group at Bank of America Merrill Lynch, noted that Merrill recently cut its forecasts for GDP growth for the year to 3 percent and, for 2011, 2.5 percent. Many economists last month began shaving growth projections as the rebound has been tamped down by persistently high unemployment, low consumer confidence and fears about Europe’s sovereign debt crisis, among other factors.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"