NEW YORK — Manufacturers are tightening their seat belts for a bumpy ride at next week’s spring market here.
August is typically not among the biggest seasonal markets, taking a backseat to the February and November venues. But the nation’s credit crunch and dismal retail environment have transformed the upcoming market into a pivotal moment for retailers and vendors. Following the cautious mood of merchants in May and lackluster second-quarter results at stores, orders for spring are expected to be reevaluated, edited and, in some cases, dropped. Retailers want to keep inventories tight and narrow, with a focus on key items that will tempt consumers, as well as replenishable goods, especially top-performing brands that convey a certain cachet and higher quality.
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)