WASHINGTON — Apparel and textile manufacturers cut 9,600 jobs in January and department stores slashed 8,600 positions as U.S. payrolls fell by 598,000, the worst loss in 34 years.The U.S. Labor Department said employment at department stores fell to 1.5 million workers, and specialty stores added 1,400 positions to employ 1.45 million.Unemployment rose to 7.6 percent in January from 7.2 percent the previous month.Since the recession started in December 2007, the overall economy has shed 3.6 million jobs, with close to half of those evaporating in the three months since November 2008.“The worst is yet to come,” said Richard Yamarone, director of economic research at Argus Research Corp.A one-month loss of as many as one million jobs or more is a possibility, Yamarone said. The U.S. hasn’t posted a monthly job loss that steep since 1945.President Obama said the job figures were “devastating,” and he used the report to reinforce the necessity for quick action on the stimulus plan.As consumer spending dropped last month, layoffs across all sectors were announced, including cuts at Target Corp., Saks Inc., Macy’s Inc., Liz Claiborne Inc., The Bon-Ton Stores Inc., Home Depot Inc., Starbucks Corp, The Boeing Co. and Caterpillar Inc.“There is no end in sight to the huge payroll declines, as high-profile layoff announcements keep coming,” said Nigel Gault, chief U.S. economist at IHS Global Insight. “February might be even worse than January. The job losses are deep and broad. This month was especially harsh in manufacturing, as producers tried to keep inventories under control in the face of plunging demand.”Apparel factors lost 4,200 jobs, bringing employment in the sector down to 178,700. Textile mills, which make apparel fabric, cut 3,100 jobs to employ 134,400 workers. Textile product mills, which manufacture industrial and home furnishing fabrics, trimmed payrolls by 2,300 to employ 139,600.“Job losses in the industry are skyrocketing as retail demand has collapsed,” said Cass Johnson, president of National Council of Textile Organizations.North Carolina has been particularly hard hit by job losses, with statistics showing that 13 textile plants closed during the last year, he said.
Exclusive: @longchamp is planning to stage its first official runway show at New York Fashion Week this fall. The French leather goods firm has expanded into ready-to-wear as part of its repositioning as a lifestyle brand. The show, scheduled for September 8, will also cap the brand’s 70th anniversary celebration. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @dominiquemaitre)
The Duke and Duchess of Sussex undertook their first overseas engagement as a married couple in Dublin. The trip included multiple events and outfits changes, including this black dress by @emiliawickstead that Meghan Markle wore for a party at the British Ambassador’s home. #wwdfashion #royals
At 20 years old – and with an estimated net worth of $900 million - @kyliejenner is the youngest person to ever make @forbes’ annual list of America’s Richest #SelfMadeWomen. “It’s incredible to be recognized for something I’m so passionate about, and I’m really grateful for that. I’ve always loved makeup and worked really hard to bring the first lip kit to the market,” said Jenner on founding @kyliecosmetics. See who else is on the list on WWD.com. #wwdnews #wwdbeauty (📷: @rainerhosch)
“The collection is inspired by Tulum and the Mayan Riviera – its laid-back luxury, life of cabanas, untouched coastline, natural habitats, exotic cocktails and jungle parties with renowned DJs,” said Matteo Maniatty, creative director and cofounder of @descendantofthieves, on the brand’s inspiration for its latest collection. See more designer sketches and inspirations on WWD.com. #wwdfashion #nyfwmens #nyfw
@riccardotisci17 is releasing a limited-edition capsule collection as part of his anticipated runway debut for @burberry in September. Delivered in a series of instant drops, this is the second Burberry capsule collection announced since Friday, when Tisci broke the news on his collaboration with @viviennewestwood. Get all the details on WWD.com. #wwdfashion #wwdnews
“It’s like a Cinderella story. You get a little fake, you get a little real, you put it together and voilà,” said legendary rapper Slick Rick, who helped pioneer the merge of luxury and streetwear. WWD’s @ariahughes spoke to @therulernyc about his jewelry collection, his collaboration with @bally and how the industry has evolved – link in bio. (📷: @kristaschlueter)
@ragandbone and @eminem are teaming up on a special capsule collection of streetwear pieces. Sold at a one-day pop-up in London’s Soho on Friday, the collection features three different T-shirt designs and a hoodie. The capsule is set to kick off the rest of Eminem’s shows in his European Revival Tour, which ends on Sunday. Get all the details on WWD.com. #wwdfashion