U.S. economic growth last month showed a continued softening as retailers turned in generally subdued sales reports, according to the Federal Reserve Board's Beige Book report.
Discretionary spending in particular was off in many districts. Most of the Fed's 12 districts tracked in the report said retail activity over the last seven weeks dropped or missed expectations. Conversely, tourism in many districts continued to expand. Sales were anecdotally categorized by the report as "below plan, downbeat, weak or having softened."
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?"