The consumer credit bubble that helped Americans fill their closets over a prolonged buying spree and propelled unprecedented store openings is finally deflating — and bringing the fashion industry’s prospects down with it.
How many chains are ultimately impacted as shoppers once again become savers won’t start to come into focus until after the holiday season. But there is a consensus about one thing: 2009 won’t see any consumer spending sprees, and retailers will have to adjust pricing and inventories accordingly.
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?"