Southeast designer retailers report spring business as flat with last year, and say it is being driven by affluent consumers less affected by economic factors. "It's now harder to sell a $198 sweater than a $1,100 jacket," said Cami Krablin, women's buyer at James Davis, a high-end Memphis specialty store.
With the weak dollar, soaring prices on European goods are forcing retailers to adjust buying strategies. In Miami, an influx of European tourists shopping for designer deals has helped mitigate the rising cost.
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?"