Percentage of consumers at different income levels cutting back spending in 12 categories
A national survey of 1,000 consumers in three income groups by WSL Strategic Retail found that even well-to-do shoppers are not immune to concerns about the economy, national security, international travel and SARS. Apparently, the era of conspicuous consumption has given way to an era of selective consumption as affluent shoppers tighten their purse strings and do without some of life’s little luxuries.
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?"