Sorry to start the day with (more) bad news, but it seems like designers are dropping like flies off the schedule of February's New York Fashion Week, citing the diminished number of buyers and press coming out due to the ailing global economy. Considering it generally costs $100,000 to $200,000 to be part of Bryant Parks main event, it's no wonder even big designers like Betsey Johnson, DKNY, Vera Wang, and J. Mendel are opting out. As alarming as that may seem I can help but look at it as an industry that's being forced to correct itself. Designer prices in recent history have become more bloated than ever, and as painful as it might be in the short term, I'm all for the garment industry thinning its herd and getting its priorities straight.
J. Mendel, Spring 2009