Emerging markets are poised to quadruple their share of luxury apparel spending over a two-decade span with rapidly growing cities accounting for the largest share of the expansion.
A report from McKinsey & Co.’s apparel, fashion and luxury group, titled “The Glittering Power of Cities for Luxury Growth,” found that the share of spending on luxury women’s ready-to-wear in developing markets, just 8 percent in 2004, more than doubled to 17 percent in 2011 and is likely to nearly double again, to 32 percent, by 2025.
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?"