Stocks swooned again Thursday, establishing a new low for the bear market and clamping down ever harder on companies dependent on consumer spending — including two of fashion’s marquee names.
Jones Apparel Group Inc. saw the value of its shares fall 47.6 percent, while Liz Claiborne Inc.’s shares declined 22.5 percent. So far this week, Jones and Claiborne have each lost more than 50 percent of their stock’s value.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"