GENEVA — Unemployment in rich countries is projected to increase by 8 million over the next two years to reach 42 million as global downturn deepens, a new report said Tuesday.
The study by the Organisation for Economic Co-operation and Development said the rising numbers of jobless would further curtail consumer demand, adding to the growing problems of retailers, importers and domestic producers.
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)