The retail industry is one of the largest employers of women, with 7.2 million in its ranks. But most of these are retail saleswomen and cashiers, whose hourly wage is $10.58.
The gender pay gap in retail costs women nearly $41 billion annually. Male sales associates earn $14.62 an hour, or $4.04 more than women in the same jobs, according to new report by Demos, a public policy organization. Lost wages to women negatively impact the economy by reducing consumer demand and costing jobs. If these trends continue, by 2022 women will lose $381 billion in cumulative wages, the study said.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)