Sixty percent of U.S. adults plan to spend less next year than they did in 2008 — and apparel purchases are targeted for major reductions, Boston Consulting Group has found.
The vaporization of personal wealth and the deepening recession in the U.S. have resulted a new urgency to save money — a change that is unusual for its speed and scope. About half of the country’s adults plan spending cutbacks this holiday, an indicator of still-tighter budgets for the year ahead.
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)