The bears have taken over Wall Street, shoppers and stores have a serious case of the blahs and technology and globalization are reshaping how goods are made, who’s buying them and how they’re marketed. Even the luxury sector, giddily invincible for years, is facing a newly frugal customer.
Fashion is famous for reinvention, but what does the industry need to do to weather the current downturn, which could be much more serious than previous slumps, and reposition itself for a rapidly changing world?
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)