MADRID — Battling a second recession in three years, Spanish designers sent out less flash and embellishment at Mercedes-Benz Fashion Week Madrid because nobody can afford to make it — or buy it, they said.
Domestic spending from 2008 through 2012 dropped 12 percent, according to the National Statistics Institute, or INE, with a significant decline of 9.3 percent in the clothing and footwear sector. Even Inditex, parent of Zara and Massimo Dutti, felt the pinch, reporting first-quarter 2013 net revenues up just 1.4 percent.
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?"