WASHINGTON — The U.S. lost 598,000 jobs in January — including 8,600 department store positions — in the worst monthly decline in 34 years.
The economy has shed a total of 3.6 million jobs since the recession started in December 2007, with close to half of those evaporating in the three months since November 2008, the Labor Department said Friday. Unemployment rose to 7.6 percent from 7.2 percent last month. Losses were widespread across all industries.
Department stores slashed 8,600 jobs to employ 1.5 million workers as consumer spending dried up. Specialty stores added 1,400 positions to employ 1.45 million.
Apparel and textile manufacturers also reported losses in January. Textile mills, which make apparel fabric, cut 3,100 jobs to employ 134,400 workers. Textile product mills, which manufacture industrial and home furnishing fabrics trimmed payrolls by 2,300 to employ 139,600 people. Apparel companies eliminated 4,200 positions to employ 178,700 workers.
Layoffs at retailers in January followed a dismal holiday season. Among the companies that announced significant cuts were Target Corp., Saks Inc., Macy’s Inc., Liz Claiborne Inc. and Bon-Ton Stores Inc. Smaller layoff were also announced at Eddie Bauer Holdings Inc., Chico’s FAS Inc., Pacific Sunwear of California Inc. and The Wet Seal Inc.
Yesterday, the Parisian fashion house @azzaro_official cut the ribbon on a temeporary retrospective at the wing of the Musée des Arts Décoratifs in Paris. The exhibition, which shows the lasting influence of the brand’s founder Loris Azzaro, is titled “Azzaro, Fifty Sparkling Years” and presents 50 looks. In it’s ’70s heyday, fans of the brand included Jane Birkin, pictured here, Raquel Welch, Brigitte Bardot and more. See more photos on WWD.com #wwdfashion
@trinaturk and @macys Inc International Concepts line are linking up on a collection for summer — filled with accessories, swimwear and shoes. The collection will also include a Mr Turk men’s line, both of which are the designer’s first entry into a more accessibly priced area. “It’s very world-traveler, gypset-inspired,” said Turk. The Trina Turk x INC line will launch on May 15th. #wwdfashion
Assouline is paying homage to the late Azzedine Alaïa with a reprint of "Alaïa Livre de Collection.” The book is comprised of photographs of the designer's summer 1992 runway show with models Christy Turlington Burns, Naomi Campbell and Tyra Banks, pictured here at right. #wwdfashion #alaia #tyrabanks
Fall 2018 accessories take on a painterly hue, with Nebulas Blue among Pantone’s top 10 colors of the season. (📸: @jonghyupstudio ; editor: @twallz21 ; stylist and set designer: @haideefindlaylevin ) #wwdaccessories
@americanapparelusa is relaunching the brand outside of the U.S. today, opening its online store to more than 200 countries. The company is also contemplating a return to brick-and-mortar, though details have not been confirmed. In tandem with the expanded distribution is a recasting of a social media ad campagn, called “Back to Basics,” pictured here, with a focus on diversity and a cast of models above the age of 21. Read more on WWD.com #wwdnews #wwdfashion
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge