Chief financial officers were having a harder time getting funds to run operations even before the near-complete restructuring of Wall Street and the freezing of the credit markets over the last month.
Forty-one percent of financial chiefs at U.S. retailers said they experienced a tightening of credit from their lenders, according to a study by accounting and consulting firm BDO Seidman LLP. Nearly a quarter — 24 percent — reported broader use of pink slips and said they have had or plan to have significant staff reductions this year.
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?"