Archive for March 11th, 2009

Summer 2009 Fashion Trends

A designer combines fashion, style and divination. The designer takes a look at where we are and get a feel of where we’re headed, then predict what we’d want to wear a half year before the clothes get to department stores. But with the uncertain times ahead (all thanks to the global economic crisis), Spring-Summer 2009 fashion weeks in industries various fashion capitals were nothing like we’ve ever seen. And the series of events the happened before and during the shows – including the crashing…

What Happens to Luxury Products In The Downturn

What Happens to Luxury Products In The Downturn

According to the Commerce Department, last September, consumer spending in the US decreased by 0.3 percent from the previous month despite the 0.2 percent increase in personal income. That same month (September18), the Federal Reserve reported that the US household new worth went down from $2 trillion over the last year, and yet, it’s still $17 trillion more than it was in 2002. To put it simply, it means that many Americans are richer than they were less than a decade ago, despite the unstable …

Despite Slowing Economy Super Rich Continue to Spend

At the Paris Spring-Summer 2009 Couture Fashion shows last January, the shows’ front rows barely insinuated the current global economic crisis.The three-day affair displayed designers’ haute couture (custom-made apparel) for numerous high-end clientele, buyers and the media who still fancy one-of-a-kind commodities. A few designers decided against putting on a show for the Spring-Summer 2009 couture fashion event. From 23 designers the previous season, the number is down to 20. However, the most…