As the apparel industry convenes in Las Vegas for the spring 2010 trade shows this week, a cloud of uncertainty continues to hang over the U.S. economy — keeping buyers skittish and making it tricky for vendors and retailers alike to plan for the season. While there are some promising signs of an economic rebound — the stock market is up over 50 percent since March — consumer spending remains anemic, causing industry executives and observers to remain cautious in their forecasts. At the same time, the economic headwinds have forced savvy companies to implement creative strategies to ride out the storm.
Total sales at Stüssy, for example, have dipped about 10 percent this year, but the company planned its business accordingly. “For the past two seasons, we’ve scaledback purchases and didn’t try to go after reorders or chase business,” said Frank Sinatra, president and owner of the Irvine, Calif.-based firm. “We knew there were going to be credit holds on some of our retailers and buyers were going to get nervous and cancel some orders.”
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?"