On Madison Avenue, “store for rent” is the sign of the times.
Even one of the world’s premier luxury lanes is feeling the bite of the economic crunch, becoming pockmarked by vacant storefronts, about twice as many as normal. The streetscape adds to a shroud of business uncertainty cloaking New York City and reflects sky-high rents and how cautious and dollar-conscious European and American brands have become in their expansion plans. It’s not helping that in the city this fall, tourism shows signs of slowing, layoffs are mounting and sales expectations for the next several quarters are dropping.
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?"