Men’s tailored clothing sales came down to earth last year from a lofty high in 2011, but clothing executives can take comfort in what appears to be a fairly soft landing.
After a 23.7 percent gain in 2011 to $4.61 billion, the category abruptly changed direction last year, with overall sales declining 6.6 percent to $4.3 billion. Even the previously red-hot suit classification decelerated to a 1.2 percent increase, to $2.48 billion, after narrowly missing a 30 percent jump in the previous year, according to figures from The NPD Group Inc.
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)