Retail jobs are disappearing even as the broader economy puts more workers onto the payrolls.Apparel and accessories specialty stores axed a seasonally 5,500 jobs from January to February, cutting employment in the sector to 1.4 million. Employment at general merchandise stores declined by 19,300 to 3.2 million, including a department store sector decline of 4,700, to 1.3 million.The decreases ran counter to the broader trend — nonfarm payrolls expanded by 235,000 for the month — but are very much in keeping with the realities of retail, where the rise of e-commerce and changes in shopping preference are remaking the landscape.J.C. Penney Co. Inc., Macy’s Inc. and Sears Holdings Corp. are all in the midst of store closures and The Limited, BCBG and The Wet Seal Inc. limped into bankruptcy.More cuts are expected.Richard Hayne, chief executive officer of Urban Outfitters Inc., recently declared that the retail real estate bubble had burst, much like the housing market bubble before it.“We are seeing the results, doors shuttering and rents retreating," he told Wall Street after a tough fourth quarter. "This trend will continue for the foreseeable future and may even accelerate.”Hayne is looking to combat that by doubling down on digital at Urban Outfitters, noting that web stores are going to be equal partners with brick-and-mortar.The rise of e-commerce has complicated life for fashion's financial types, stealing sales from stores (which then have to operate on even thinner margins) and not delivering the same profits given the costs associated with shipping and returns and acquiring traffic online.Even though the financial path is unclear, retailers see few other paths forward, especially as Amazon continues to take market share in fashion, although primarily in basics for now.The migration to the web was also reflected in the employment figures with the nonstore retail category hiring 3,200 workers, supporting a total of 553,400 jobs.
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)
Breaking News: @hedislimane joins @celine as its new artistic, creative and image director. One of fashion’s preeminent image-makers and trendsetters, Slimane is to join the LVMH brand on Feb. 1 and unveil his first fashion proposition for men and women next September during Paris Fashion Week. It marks a major homecoming for Slimane, who cemented his reputation – and influenced men’s tailoring for more than a decade – as the designer of Dior Homme between 2000 and 2007. He went on to reinvent and ignite the house of Yves Saint Laurent, which he rechristened Saint Laurent, between 2012 and 2016 – all the while maintaining a close relationship with the Arnault family, which controls LVMH and Dior. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
“Personally I believe the Eighties have been the richest and more vivacious period for international fashion,” Giorgio Armani said when asked what his favorite decade of fashion is. It was a moment of disruption and experimentation and only thinking back to the first years of that decade is always an emotion for me, for what they have meant to me and my work.” The influence is clear in @giorgioarmani spring 2018 collection, pictured here, which was full of bright colors and unexpected prints. Read more about which decades designers loved most on WWD.com #wwdfashion #wwddecades (📷: @aitorrosasphoto)
For Lady Gaga’s only Italian show on her “Joanne World Tour,” the singer wore a range of @versace_official outfits. The standout piece: this custom-made bodysuit inspired by the brand’s spring 2018 collection. #wwdfashion (RG: @ladygaga)
@_camillaruth_ is expanding on the wellness-craze concept with @westbourne – a new NYC restaurant that’s both a healthy-minded café as well as a business that gives back to the community. Marcus works with the Robin Hood foundation to give back to The Door, a non-profit providing youth development services, and also hires employees through The Door. Read our full interview with Marcus on giving back through food on WWD.com. #wwdeye (📷: @lexieblacklock)