The pressure keeps growing on vendors and retailers.
As global stock markets wheeze, credit markets drip and consumers hold onto their dollars tighter than a bear trap, the fashion industry scales back by the day to cope with the squeeze. The latest is Liz Claiborne Inc., which sharply cut 2008 financial projections and halved capital expenditures for 2009.
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)