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How the economy effects New York Fashion Week

Written by Daniel P Dykes

February 2009 is just around the corner and with it comes New York Fashion Week; and seemingly the event's sheer statistics are enough to highlight the current troubles facing the fashion industry in light of the world's economic woes.

Last season IMG Fashion, which organizes Fashion Week, boasted more than 80 designers on its schedule. However, only 52 have been confirmed for February Fashion Week so far.

Mallis expects designers to try to save money by staging presentations instead of runway shows. Just renting a tent that seats 350 to 1,100 people costs $25,000 to $50,000 and that doesn't include the hair, makeup, models, what have you.
Source: New York Magazine

Written: 8th January 2009 at 18.29

Comments: Click Global economy changing fashion? to read comments.

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Daniel P Dykes

Written by Daniel P Dykes.

Traditionalist and futurist are two of the labels applied to Daniel, but he sees the two as being in perfect balance. With a keen eye on the future and his finger on the pulse he helps keep fashionisers everywhere ahead in the fashion stakes as Fashionising.com's lead fashion trend analyst. Believing that the late-2000s credit crisis will be ultimately good for fashion, Daniel sees a future for fashion where grounded in traditional values; where luxury fashion again comes to represent quality production as opposed to being solely label driven.

Currently based in Melbourne, Daniel is Fashionising.com's Editor in Chief and Chairman.

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