Troubling Signs Around the Shows

For my blog this week, I chose to read an article on www.nytimes.com entitled Troubling Signs Around the Shows. The article was about how designers and companies and brands are coping with the economic crisis happening right now.

All this fashion talk is especially prevelant now since New York fashion week just kicked off about two weeks ago. Designers are very concerned at this time because they do not know how much longer they will be able to last when people are saving money as much as they can. They are having to take money out of their savings accounts instead of being able to rely on customer sales. Even Bloomingdales is having to rely on selling Barbie dolls in order to stay afloat.

Everyone is worried right now; big companies, small companies, designers, pretty much anyone in retail. Companies are trying to stay optimistic because there really is not any other option. They have to cope with reality. Designers and stores are still trying to lure customers in to shop because they have to stay alive somehow, but they are also having to deal with much slower traffic.

Designers and companies are doing what they can to revamp, but it is only going so far. People are shopping much less these days and there is not much anyone can do about it.