A Shred Of Hope For The Industry

With an economic downturn for Americans, I wanted to get some perspective on what buyers were looking for this season. Many American buyers were refraining themselves from buying any European brands because of the weak dollar. London suffered the loss of Saks Fifth and Neiman Marcus’ buyers due to its strong British pound this year.

The two American buyers I’ve met while waiting in line for a show opened up to me about their situation. They’ve also nixed the European brands this season, except for one German label in which they keep good relations with, and wondered how the French designers were going to fare at the showroom since the euro is so high. Hence they’ve made a business trip to our home turf to look for some unique pieces for their older target market from 30-65, the baby boomer bracket. I asked what trends they were looking for and they squarely replied that trends weren’t what they were looking for. The baby boomer generation are over trends, they’re looking for practical clothing that’s both unique and durable. Interesting.

What was their opinion of the state of the fashion industry?

According to them, it’s downgraded quite a lot, especially for Americans. They’ve both been to numerous tradeshows across the country, of which New York was said to be pretty chaotic. “Everyone is trying to sell you something and it’s lost itself to business,” they said. Exactly the kind of scenario Teri Agins (author of “The End of Fashion”) had described a decade earlier and it looks like things haven’t changed. Tradeshows have become popular hotspots to host, “these locations are milking designers for their money” they said. There are so many tradeshows now that buyers keep seeing the same collections over and over.

Addressing fast fashion, what with the bombardment of new designs every month, fashion is spiraling out of control, what’s going to happen? “Well everyone would be running naked if it suddenly stopped!” they joked. But in all seriousness, they believed the industry will realize how ridiculous the pace its going and will rectify itself eventually. At least, that’s our hope. I’m thinking back on just how wacky the 80s were with their zany art deco and over-the-top accessories and styles. The early 90s answer to that was minimalism, I’m starting to think that the following decade in the year 2010, we’ll start seeing perhaps a hopeful return to quality goods, what with even Chinese manufacturing becoming more sophisticated than ever.

It’s hard to say what is true fashion these days, we always refer back to the masters of modern couture, but those were different economic situations, different mentalities, and different business models. Back then, a couturier was considered a type of merchant slash artist in its medium, not to make money but to make clothes. Now it’s a totally different ball game where the reputation of a company not only lies in its quality but its business (and marketing) model. In the end, it really comes down to a matter of choice of whether or not you choose to pay for higher or cheaper quality and your sense of style. After all, fashion is subjective with the times.