The mind-set, shopping and spending habits of luxury consumers are fast changing.About one in five affluent Americans is turning away from indulgence and towardless materialism, as they express commitment to values like sustainability andcontentment with buying good products instead of the best.
This newly spotted breed — dubbed "temperate pragmatists" byUnity Marketing president Pamela Danziger — could put a dent in second-halfluxury business in the U.S., consumer researchers forecast, citing the group'srising social consciousness, professed guilt about indulging in tough times,and diminished cache of money to burn. It's not unlikely such a downturn couldextend into 2009.
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?"