Despite some signs — or perhaps hopes — that consumer spending has bottomed out, Moody’s Investors Service said credit conditions will continue to worsen for retailers in the next 12 to 18 months.
“With the economy in recession and consumers in retreat, our negative outlook on the U.S. retail industry shows no signs of stabilizing anytime soon,” said Moody’s in an analysis released Tuesday. The debt rating agency said about 40 percent of the retailers it tracks have a negative credit outlook or are on review for possible downgrade.
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?"