The affluent are back, and they’re buying clothes.
Increased confidence about the economy — and their own financial circumstances — led affluent consumers to boost their purchases of apparel in the third quarter, reversing a sharp downward trend earlier in the year, according to data compiled by Unity Marketing. A study by Accenture also showed a growing appetite for luxury goods among the general population.
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?"