NEW YORK — The talk of a return to a more tailored wardrobe hasn’t taken effect and the mood of the country remains far from celebratory — bad news for dress and suit firms.
According to an NPDFashionworld Consumer survey, tailored clothing purchases for the first nine months of the year fell 18.4 percent in dollars to $10.2 billion and 21 percent in units. Suit sales were off 17.3 percent in the period to $2.3 billion, while dresses and skirts plummeted 29.3 percent to $5.3 billion.
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)