MADRID — The high end and the low end appear to be holding their own in financially beleaguered Spain, but the midmarket retail sector is in bad shape.
The Madrid-based Spanish Commerce Confederation reported the economic crisis has caused 40,000 stores to close in Spain in recent years, causing massive layoffs and an unemployment rate approaching 23 percent, the euro zone’s highest. In addition, austerity measures such as an increased sales tax and salary cuts have contributed to what the media here are calling “the crack” in domestic spending.
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?"