Retail is losing jobs as chains, such as American Apparel, close.
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.
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For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)