NEW YORK — Domestic textile trade show organizers planning exhibitions for the first half of 2009 are facing an uphill battle.
Consumer spending has plummeted as economic conditions have worsened across the globe. With holiday sales expected to be particularly dour, brands and retailers have sought to drastically cut orders, reduce inventory and tighten budgets. Textiles, which account for the lion’s share of an apparel item’s cost, are naturally coming under scrutiny. The situation will make for a difficult environment for mills planning to show their wares at fairs throughout the first half of the year, as buyers deal with having little leeway on pricing. The harsh economic realities have most show organizers anticipating declines in both the number of exhibitors and attendees.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)