Black Friday was big but “Black Monday” revenues might be even bigger.
And the stores need it badly, considering the holiday season has been up and down since the day after Black Friday and highly promotional even before. Traffic, industrywide, has been down 1.8 percent from last year, according to ShopperTrak, which monitors sales and traffic. Also, concerns about margins at chains such as Abercrombie & Fitch, J. Jill, Chico’s, Gap, Talbots, J.C. Penney and Sears, are rising as Macy’s, Nordstrom and Neiman Marcus take market share.
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?"