The banks got their $700 billion bailout from Washington Friday, but retailers got more bad economic news to dampen their holiday spirits.
The U.S. shed a seasonally adjusted 159,000 jobs in September, which was the largest decline in more than five years and included the loss of 41,000 retail positions. That marks nine straight months of shrinking employment for a total of 760,000 jobs lost so far this year and another serious blow to consumer sentiment. A surge of new jobs at specialty stores, however, pushed their payrolls higher than those of department stores for the first time on record.
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?"