Apparel vendors felt the sting of a slower economy very directly in 2008 — right in their wallets.
Lower profits dragged down the compensation of top industry executives by a total of 25.6 percent last year, and a few even elected to forgo some bonus money as they made tough decisions that often translated into smaller head counts.
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)