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.
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?"