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The future of the fashion industry after the recession

Not many will make it out. That's what I keep hearing. Survival of the fittest. Pretty dang scary.

-Saks laying off almost 10% of the work force.
-Macy's gonna shut down 11 stores.
-LVMH pulls the plug on eluxury.com
-Neiman Marcus taps into $700 million bond and lays off 3% of work force
-Lisa Kline, Ron Herman, & Sergio Rossi looking to sublease retail stores
-Kira Plastina closed all their US stores
-Retailers asking to buy on consignment and already marking down Spring 09
-Louis Vuitton cancels flagship store in Tokyo
-NY Fashion Week scaled back with designers opting out
-LA Fashion Week gone

Read all these headline on ThreadMe News

So with the collapse of the retail market and the slow recovery of the credit market, it sounds like the fashion industry is going into a nucleur holocaust and everyone's going to be living in caves pretty soon, or dressing like cave men and women again.

I'm sure creativity has been stiffened for Fall 09 and Spring 10. So who's gonna pick up the pieces when this is all done and over with. Who will persevere and in the words of our out-going president, "stay the course." Will this give rise to a new era of fashion? What do you think?

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Comment by Apparel1 on January 16, 2009 at 10:08pm: Just wanted to say that I enjoyed reading your blog. I actually learned something new. I was not aware that LA Fashion Week was gone. I guess I should start reading ThreadMe News. I also have a fashion news site called the fashion newspaper. However, I do not have enough time to properly work on it. Unfortunately for me, ThreadMe news looks much better... ThreadMe news looks fantastic. Good luck with it.

Comment by B. McLaughlin on January 16, 2009 at 10:17pm: I FEEL DA RECESSION WILL CHANGE THE PRICE & QUALITY OF CONSTRUCTION IN GARMENTS IN DA FASHION INDUSTRY.... NO DOUBT!!!!
THE PRICE TAG ON CLOTHING, SHOES & PRUSES OF UP-SCALE LUXURY DESIGNERS I'M HOPING THE OUTCOME OF PRICES DROPPIN' DOES HAPPEN. SOME ITEMS ARE JUST CRAZY & OVER-RATED IN PRICES!!!
THOUGH THE QUALITY OF CONSTRUCTION WILL BE THE WORST DOWNFALL. HOW-EVA THE FASHION INDUSTRY WILL ALWAYS BE CREATIVE B'CUS FASHION IS A FORM OF ART. THE RECESSION WILL BRING NEW BLOOD TO DA GAME & NEW VISIONARIES!!!

MZ.CAYMAN
DYNAMYK THREADZ

Comment by Joyce Marie on January 17, 2009 at 1:48am: Yes, it sounds a bit scary doesn't it? I heard the report on cnn today, but let's not panic, I agree with B, the fashion Industry will always be creative because fashion is the form of art, and I am hoping to be part of the new blood, bringing fresh new Ideas to the game. I think being creative and offering the fashion Industry something new and innovative is the key...the hard part is getting them to open the doors to new ideas and new people! Like the man said "IT'S TIME FOR A CHANGE"

Comment by Apparel1 on February 3, 2009 at 5:53pm: Sorry, to pile more bad news onto this blog post, but this week (February 3rd), "Liz Claiborne Inc., will eliminate 725 jobs, or 8 percent of its work force, one day after Macy's Inc. said it was axing 7,000 jobs, or 4 percent of its work force."

Comment by nicky on November 13, 2009 at 10:27am: I can see from this how bad things are in the US but spare a thought for us here in Ireland. Major stores unable to pay their bills, cancelled orders, and retailers under enormous pressure. My prediction is for a blood bath post Christmas

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