Recession? Smecession says Vera Wang
Vera Wang is apparently not as worried as the folks at Bill Blass this morning. She acknowledges though times may be rough, for fashion designers, the sky is not necessarily falling. In an interview with Marketwatch Wang says:
“Fashion is an expendable commodity, but it also brings such joy and fantasy and fun to women’s lives. For that reason, fashion will prevail ultimately.”
This optimistic view of the industry may be because Wang is viewing the future through rose colored glasses. Her company is thriving in high end places like Saks and Nordstrom’s and also doing well on the lower end of the spectrum in big box places like Kohl’s. She be the farm everywhere and did well as a result. She’s also looking at opening Vera Wang stores at a location near you adding
“There’s no question that many people in fashion have felt the repercussions of the recession. I’m fairly thorough about looking at the sell- through. I feel fairly optimistic that by the time they get done, hopefully the economy will be on the rebound.”
Is Wang right or are we going to watch the fashion industry go into a collective tailspin with few surviving what is looking like a lengthier economic downturn than originally predicted? Survey says: Wang is right. Economic downturns rarely affect luxury fashion designers and the high end folks because…rich people are rich. So when an economic downturn usually occurs the folks that scale back on their spending end up not buying that pair of heels on discount. But Vera Wang rarely sells discount (unless you count Kohl’s) and even then the designer with the vowel at the end of their name crowd feels a recession as much as an elephant feels a mosquito bite.
online: VeraWang.com
2 Comments to Recession? Smecession says Vera Wang
[...] recommends the Hilton Riverside Hotel in New Orleans! Papierblog wonders whether Vera Wang is right on the recession Quinta Trends shows NSBP Diseño de Autor: new [...]
[...] wonders whether Vera Wang is right on the [...]
Leave a comment
Search
The Magazine
Papierdoll September 2008 Foto Story
Seance
photography Anne-Marie Michel
Fashion is haunted by trends of seasons past. Normally you’ll find yourself wincing at old photos from an earlier decade when shoulder pads were in. Bell bottoms are now the thing as illustrated by our retro article this month.... [Go]
Recent Talk
Burberry sales are up while everyone else is down - sexy fashion blog: [...] Via Papierblog. [...]Karen: she looks like a dolphin
Kym Romanets: Glad you like them.
Video game fashion design coming to Nintendo - sexy fashion blog: [...] Papierblog. Coming in October
Web Snob Weekly Roundup | Cloia - The Fashion Network: [...] Zara’s no.1 beating out
May 30, 2008