California’s troubled economy and high jobless rate are dominant issues in the nasty governor’s race between billionaire Meg Whitman and former Gov. Jerry Brown.
The fashion retailing and manufacturing industry in the most populous U.S. state wasn’t spared as consumers reduced spending and the costs of materials, labor and energy increased. Major employers, including Los Angeles-based American Apparel Inc., cut back amid financial troubles and California-based chains such as Mervyns and Gottschalks closed. The economic headwinds also caused specialty stores like Tracey Ross to shut.
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)