Summer’s just started, but retail might be cooling off, particularly in the rarefied world of luxe.
U.S. retailers started off the year on an upswing that was aided by a particularly mild winter, but the sales gains started to taper off by late spring. That slowdown has now run headlong into a general weakness in women’s designer fashions, slower economic forecasts for the U.S. and China and a flair up in Europe’s debt crisis.
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?"