Today thus far has turned out to be rather slow on fashion news. As I Tweeted yesterday, I considered writing about the possible buyout of Talbot’s, but the story is as boring as their fashions. Read on…
Depressed Shoppers Equal Depressed Stocks
Like this is any surprise…the U.S. default debacle sent retail stocks plummeting to their worst day in more than a year and the Dow Jones Industrial Average fell below 12,000 as investors worried again that consumer strength is wavering. This even hit the world of luxe which has showed little signs of slowing.
Even though yesterday President Obama signed into law a deal to raise the nation’s debt ceiling, averting a potential U.S. default that would likely have caused chaos in the markets, Wall Street zeroed in on the state of the economy, two-thirds of which is comprised of consumer spending.
There are signs even the luxury consumer is pulling back as the U.S. economy continues to sputter. “Consumer mood is at depressed levels and those households that are not living paycheck-to-paycheck are saving more,” said Chris Christopher Jr., senior principal economist at IHS Global Insight. “This is considerably worrisome, since we are a consumer-oriented economy.” Things are tight everywhere. H&M is looking good!
Mercedes-Benz Fashion Week Releases Spring 2012 Preliminary Lineup
Not many surprises except for J.Crew which will be showing and is a bit of a head scratcher since it’s a retail chain and not technically a designer. Twitter was abuzz. Has New York Fashion Week jumped the shark? You decide.
Mercedes-Benz Fashion Week will present the following designers: Nicholas K, Porter Grey, BCBGMAXAZRIA, Richard Chai, Supima, Candela, Tadashi Shoji, EMERSON, Project Runway, Luca Luca, General Idea, Rebecca Taylor, Mara Hoffman, Tommy Hilfiger Men’s, Nicole Miller, Joy Cioci, Concept Korea, Cynthia Rowley, Academy of Art University, Falguni Peacock, Ruffian, Lacoste, Pink Tartan, Jill Stuart, Son Jung Wan, ADAM, Vivienne Tam, Farah Angsana, Honor, Charlotte Ronson, Monique Lhuillier, Rafael Cennamo, Venexiana, Katya Leonovich, Lela Rose, Derek Lam, DKNY, Tracy Reese, L.A.M.B., Diane von Furstenberg, Jen Kao, Y-3, Odd Molly, Custo Barcelona, Tommy Hilfiger, Timo Weiland, Jenny Packham, Callula Lillibelle, Carolina Herrera, Carlos Miele, Rebecca Minkoff, Donna Karan New York, VLOV, Yeohlee, Norman Ambrose, Betsey Johnson, GUiSHEM, Perry Ellis, J.Crew, Badgley Mischka, Vera Wang, Diesel Black Gold, Bibhu Mohapatra, Hervé Léger by Max Azria, Argentine Designers, Zang Toi, Pamella Roland, Tibi, Narciso Rodriguez, Malan Breton, Michael Kors, Nanette Lepore, J. Mendel, Chado Ralph Rucci, Milly by Michelle Smith, Anna Sui, Elie Tahari, Ralph Lauren, Calvin Klein Collection, MADE IN AFRICA: by ARISE MAGAZINE, Elene Cassis and Naeem Khan.
Here are the newbies: Candela, EMERSON, Falguni Peacock, Pink Tartan, Honor, Rafael Cennamo, Katya Leonovich, VLOV and J.Crew.
Second City Style will be covering our 11th Fashion Week, so be sure to check our coverage.
Project Runway Bruhaha
A Missouri-based photographer has filed a copyright infringement lawsuit against The parent company of Lifetime TV which airs “Project Runway.” Marcie Cobbaert claims that the TV network posted at least four of her photographs taken of “Project Runway” contestant Laura Kathleen Planck (the self proclaimed glamor girl) on its Web site with a stamp that indicated they belonged to Lifetime. They didn’t. The plaintiff said she never gave permission to Planck, Lifetime or A&E to use the pictures. In fact, she made her objections known as early as May. The plaintiff claims between $750 to $30,000 per infringement and statutory damages up to $150,000 for willful infringement. Cobbaert is looking for the big bucks which only confirms everybody wants a piece of Project Runway.
Read our Project Runway Recap and Memorable Quotes here!
Sources: WWD & Mercedes-Benz Fashion Week
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