Consumer sentiment fell for the second straight month in July, providing a bad omen for the back-to-school selling season and battering retail stocks, which broke a three-day winning streak with a 1.9 percent decline.
The Conference Board’s Consumer Confidence Index dropped to 50.4 for July, down from 54.3 in June and 62.7 in May. Economists were expecting the research group’s monthly reading of the index to show a milder decline, to 51. The July mark is slightly below the 50.6 registered eight months ago, in November 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?"