First of all, I have to give you an update on Nina Ricci. According to WWD, Nina Ricci had a handshake agreement with Reese Witherspoon to dress the actress in all media appearances exclusively. Good for Olivier Theyskens!
Now let's turn to another young and talented designer, Nicolas Ghesquiere. Many people didn't like the his FW07 collection. Some common reactions are, "it's not directional", "not Balenciaga", "big disappointment from the previous seasons". Is it?
My instinct told me that that was not the case but it needs prove. So I opened my Balenciaga book and did my homework. Not only did it confirm my thoughts, it showed me how consistent the FW07 collection is with his pre-SS06 collections.
Pictures from 1998 and 1999 collections are missing from style.com, but luckily a few are published in the Balenciaga book. Among journalists' reviews, surprisingly, the word futurism appeared many times. There was even one dress with huge padded shoulders that looks exactly like the SS07 "alien outfit". It was Ghesquiere's idea, or imagination, back in 1998, but better executed.
Then I saw pleats, patchworks, lean and mean pants, and cocoon dresses from the collections years before volume became a mainstream trend. Ghesquiere once commented that he was sure that his technique was different from Balenciaga's although he was trying to make some clothes with volume as Balenciaga did. That was before he accessed the archives. Collections from 1998 to 2005 were all based on his imagination, his view, and his interpretation on fashion especially street fashion.
Then here comes the SS06 collection. Ghesquiere studied the archives and learned Balenciaga's techniques to be able to replicate those stunning dresses. He also made those silk jackets with peeked shoulders which then became a Balenciaga signature.
He explored more on volume in FW06 before he returned to his nature and presented the "futurism" collection for SS07. It was the first time he disassociated himself from the history - don't get my wrong, apparently he learned the techniques he needed, and then he moved on.
Now let's look at the FW07 collection. Pants and jackets were still wonderful as usual. What truly amazed me were those dresses. They looked like a mess in the first second, and then it reminded me of the patchwork dresses he did years ago. The way the patterns worked together, the way the colors interacted, and the way the graphics made visual impact were extremely well thought and executed (minus the turquoise leggings). The styling is overdone and distracting, but when you look at the indivicual pieces closely and compare them with Ghesquiere's previous collections especially before SS06, it was a HUGE step forward. He has reinvented himself.
Olivier Theyskens once said that his collections were going to be like chapters in a book and they were going to develop gradually. This is exactly what Ghesquiere is doing. SS06 and FW06 were the necessary steps to learn techniques and the Balenciaga spirit (restrained structure and relaxed volume). Don't misunderstand him by those two collections. Ghesquiere is not going to sit on piles of archives but move forward.
Friday, March 2, 2007
Monday, February 26, 2007
My favorite Oscar red carpet gowns
I normally don't get excited by the red carpet fashion scene, but this year is an exception. With my favorite two designers shining with the stars, I feel that I have to share my joy with you.
Here are my faovorite outfits:
3. Reese Witherspoon in Nina Ricci
It's Nina Ricci, and it is Nina Ricci by Olivier Theyskens! Olivier is born to make breathtaking gowns, and his talent is second to none.
My only complaint is that dark purple is not Reese's best color. The color also faded away with the Oscar stage background. A simple Olivier grey would have done the perfect job!
2. Cate Blanchett in Armani Prive
Cate can pull off anything, but this Armani Prive gown is the best color she could possibly choose. With the metallic shine, the gown looked very relavant to what is happening in the fashion world now. To be honest with you, I didn't even think that it could be an Armani gown because Armani was always boring to me, including the Prive couture line. (if you don't believe me, look at Zhang Ziyi's Armani gowns. Don't they all look the same?)
1. Nicole Kidman in Balenciaga
Nobody asked her whom that dress was by, but us fashion lovers knew it was Balenciaga. To me, the metallic red trims and the way it fits the body were 100% Balenciaga. The red color made her radiant, and the bow added a twist. It's a home run. Congratulations to both Nicole and Nicolas! (Good luck to the runway show Tuesday!)
Saturday, February 17, 2007
An adventure in an icy world
When I found out that there was a Balenciaga jacket for sale in Cambridge, I decided to make a trip there while I was in Boston for an appointment with my orthodontist.
Yes, I am talking about THE paisley jacket from the SS06 collection. I own a navy one and I loved it so much that I wanted to collect a grey one as well.
It was the day after the snow storm. JFK was so frozen that my plane couldn’t take off until we waited in the plane for an hour for the ice to melt. By the time my appointment was over, Boston was warm in the sun and the ice was melting. I took the bus and then walked to the apartment where I visited the seller and tried on the jacket.
The seller was a very friendly Asian girl, a fashion connoisseur and an anthropologist living in Cambridge as a visiting scholar. We were both amused by the fact that our lines of work were not related with fashion at all, yet we both constantly changed roles between the fashion world and the real world.
The jacket fit. I wrote her a check, she handed me the jacket and then she started showing me her closet. The Pandora’s box was open! In addition to at least ten pieces of Lanvin crystal and pearl necklace in different colors and styles, many Lanvin bags, numerous pairs of shoes, and countless miumiu suits, there were two collectors’ items (well there were three before I bought the jacket): a floral “parachute” dress from Junya Watanabe’s SS03 collection, and THE patchwork dress from Balenciaga’s SS02 collection!
I couldn’t believe my eyes. I asked her twice to open the cotton dust bag to admire the Belenciaga dress closely. It was a piece of art! The patchwork pieces appeared to be sewn together randomly, yet all the fabric and colors worked in a magical way that the entire dress formed a sleek silhouette and looked extremely figure snagging. Retailed for $8,000 Euro? No wonder! What a lucky girl she was!
We then talked about fashion and the clothes we love until I realized that I had to leave to catch my Limoliner to come back to NYC.
The sidewalks were completely frozen by the time I left. I tried to maneuver my walk to move as fast I could without falling, but I eventually fell on ice. I simply couldn’t walk fast enough. It was 4PM, the wind got stronger, my feet hurt, and my muscles got tense. I didn’t eat lunch and I was thirsty. I finally made my way to Massachusetts Avenue and I tried to catch a cab. Every single of the ten drivers I asked for waved and drove by. Nobody wanted to drive on icy roads.
I was desperate. I had thirty minutes to get to the Hilton Hotel where the bus would take off. I couldn’t find a cab, and my last choice was the bus. There wouldn’t be any problems had the weather been nice, but I sensed that luck was not on my side after I was lucky enough to own that jacket. I got in a bus but it couldn’t leave the stop because there was a handicapped person who had a mental break. The driver got scared and he couldn’t do anything about it. Eventually the bus started moving, but a few minutes later it slid towards the side walk when the driver tried to avoid a crash with a small car. People started screaming, but luckily we didn’t hit anything.
I missed my bus by twelve minutes. What should I do?
You are such a foolTo worry like you do.. OhI know it's toughAnd you can never get enoughOf what you don't really need nowMy, oh myYou've got to get yourself togetherYou've got stuck in a momentAnd you can't get out of itOh love, look at you nowYou've got yourself stuck in a momentAnd you can't get out of it
Okay, calm down and think. I had two choices. Choice A, taking the Chinatown bus and safety could be compromised; choice B, staying overnight with my mother in-law in Brookline.
“Good thing I married a guy from the town of Brookline AND my mother in-law wouldn’t fly out to Florida until the day after”, I thought. I couldn’t get out of it, but I had a home to stay.
The trip back to NYC the next day wasn’t easy. That night when I called to schedule a cab to drive me from Brookline to the Hilton to catch the 6am bus home, all the cab phone lines were busy. Eventually I got one but it didn’t show the next morning. Luckily I got a cab on my way out and I managed to catch my bus. So here I am, sitting at home typing my story. I am exhausted. I wish my fashion conversation with the seller was shorter. But would I do it again if I was in the same situation? I probably still would.
Yes, I am talking about THE paisley jacket from the SS06 collection. I own a navy one and I loved it so much that I wanted to collect a grey one as well.
It was the day after the snow storm. JFK was so frozen that my plane couldn’t take off until we waited in the plane for an hour for the ice to melt. By the time my appointment was over, Boston was warm in the sun and the ice was melting. I took the bus and then walked to the apartment where I visited the seller and tried on the jacket.
The seller was a very friendly Asian girl, a fashion connoisseur and an anthropologist living in Cambridge as a visiting scholar. We were both amused by the fact that our lines of work were not related with fashion at all, yet we both constantly changed roles between the fashion world and the real world.
The jacket fit. I wrote her a check, she handed me the jacket and then she started showing me her closet. The Pandora’s box was open! In addition to at least ten pieces of Lanvin crystal and pearl necklace in different colors and styles, many Lanvin bags, numerous pairs of shoes, and countless miumiu suits, there were two collectors’ items (well there were three before I bought the jacket): a floral “parachute” dress from Junya Watanabe’s SS03 collection, and THE patchwork dress from Balenciaga’s SS02 collection!
I couldn’t believe my eyes. I asked her twice to open the cotton dust bag to admire the Belenciaga dress closely. It was a piece of art! The patchwork pieces appeared to be sewn together randomly, yet all the fabric and colors worked in a magical way that the entire dress formed a sleek silhouette and looked extremely figure snagging. Retailed for $8,000 Euro? No wonder! What a lucky girl she was!
We then talked about fashion and the clothes we love until I realized that I had to leave to catch my Limoliner to come back to NYC.
The sidewalks were completely frozen by the time I left. I tried to maneuver my walk to move as fast I could without falling, but I eventually fell on ice. I simply couldn’t walk fast enough. It was 4PM, the wind got stronger, my feet hurt, and my muscles got tense. I didn’t eat lunch and I was thirsty. I finally made my way to Massachusetts Avenue and I tried to catch a cab. Every single of the ten drivers I asked for waved and drove by. Nobody wanted to drive on icy roads.
I was desperate. I had thirty minutes to get to the Hilton Hotel where the bus would take off. I couldn’t find a cab, and my last choice was the bus. There wouldn’t be any problems had the weather been nice, but I sensed that luck was not on my side after I was lucky enough to own that jacket. I got in a bus but it couldn’t leave the stop because there was a handicapped person who had a mental break. The driver got scared and he couldn’t do anything about it. Eventually the bus started moving, but a few minutes later it slid towards the side walk when the driver tried to avoid a crash with a small car. People started screaming, but luckily we didn’t hit anything.
I missed my bus by twelve minutes. What should I do?
You are such a foolTo worry like you do.. OhI know it's toughAnd you can never get enoughOf what you don't really need nowMy, oh myYou've got to get yourself togetherYou've got stuck in a momentAnd you can't get out of itOh love, look at you nowYou've got yourself stuck in a momentAnd you can't get out of it
Okay, calm down and think. I had two choices. Choice A, taking the Chinatown bus and safety could be compromised; choice B, staying overnight with my mother in-law in Brookline.
“Good thing I married a guy from the town of Brookline AND my mother in-law wouldn’t fly out to Florida until the day after”, I thought. I couldn’t get out of it, but I had a home to stay.
The trip back to NYC the next day wasn’t easy. That night when I called to schedule a cab to drive me from Brookline to the Hilton to catch the 6am bus home, all the cab phone lines were busy. Eventually I got one but it didn’t show the next morning. Luckily I got a cab on my way out and I managed to catch my bus. So here I am, sitting at home typing my story. I am exhausted. I wish my fashion conversation with the seller was shorter. But would I do it again if I was in the same situation? I probably still would.
Saturday, February 3, 2007
Proenza Schouler for Target turns to an insider trading case
I work in the securities industry, and the Attorney General makes sure that every single of us follow the rules not to trade securities before financial information is released to the public. This is a fair market. It's not the case in the fashion industry though, at least in the case where the Proenza Schouler for Target collection was released.
Opening Ceremony has a three day special event to sell the entire collection in their Soho store. Having seen how many people line up outside of the H&M stores for the special collaborations, I arrived at the store at 11am on Friday, the opening time announced on the store's website. However, by the time I entered the store, almost all small sizes were gone. What happened? Didn't they say that they were going to have ALL styles and ALL sizes available?
Then I was informed that there was a special party the night before for "VIP"s to make purchase ahead of the crowd. In addition, the Parsons' students were allowed to arrive at 9am on Friday to make purchase. Then I knew where those size XS and size 1 clothes went.
Check on Ebay. Items are up and being marketed, at twice of the price.
What a perfect case of insider trading! While people such as me would face jail time if traded before the public does so, people in the fashion world does it as a standard practice. The Attorney General apparently overlooked this.
Feeling unfairly treated, I arrived at 9am on Saturday morning trying to be the first in store when it opens at 11am. According to Opening Ceremony, they would have restocked with the entire collection overnight.
I was the first customer inline shortly before a dozen of other girls arrived. We waited in this freezing winter morning hoping to be able to pick out the items we liked. However, while we struggled with our painful feet due to the low temperature, the "Proenza Schouler team", the friends of so and so, and the girl who claimed that she interned at the boys' company "last March" got their way in to shop early. As a result, there were very few small sizes or popular styles left when the store was open to public. Enough said. You judge.
Now let's talk about the clothes. It's no doubt the best GO collection. Being a customer on both ends of the ready to wear market though, I have to warn you that this collection is nowhere near designer quality. The cotton gaze feels too flimsy to hold the shape after one wash, and the stitching doesn't always line up. The silk material, however, is rich and vibrant to hold for long. The Jackie O coat is a pleasant surprise as the tailoring is precise. The bustiers have sizing issues so make sure try on several of them for each size (if you are in a store) to find the best fit for you.
Love it or hate it, it's a collection that excited me after a month of "fashion break" in January. I don't doubt that it's going to be a great success later in Target, so don't wait for the sale. If you missed certain items as I did, let's just wait for the Target release. Don't pay for double on Ebay because they are insiders who traded before the puclic, and they are no different from the criminals.
Opening Ceremony has a three day special event to sell the entire collection in their Soho store. Having seen how many people line up outside of the H&M stores for the special collaborations, I arrived at the store at 11am on Friday, the opening time announced on the store's website. However, by the time I entered the store, almost all small sizes were gone. What happened? Didn't they say that they were going to have ALL styles and ALL sizes available?
Then I was informed that there was a special party the night before for "VIP"s to make purchase ahead of the crowd. In addition, the Parsons' students were allowed to arrive at 9am on Friday to make purchase. Then I knew where those size XS and size 1 clothes went.
Check on Ebay. Items are up and being marketed, at twice of the price.
What a perfect case of insider trading! While people such as me would face jail time if traded before the public does so, people in the fashion world does it as a standard practice. The Attorney General apparently overlooked this.
Feeling unfairly treated, I arrived at 9am on Saturday morning trying to be the first in store when it opens at 11am. According to Opening Ceremony, they would have restocked with the entire collection overnight.
I was the first customer inline shortly before a dozen of other girls arrived. We waited in this freezing winter morning hoping to be able to pick out the items we liked. However, while we struggled with our painful feet due to the low temperature, the "Proenza Schouler team", the friends of so and so, and the girl who claimed that she interned at the boys' company "last March" got their way in to shop early. As a result, there were very few small sizes or popular styles left when the store was open to public. Enough said. You judge.
Now let's talk about the clothes. It's no doubt the best GO collection. Being a customer on both ends of the ready to wear market though, I have to warn you that this collection is nowhere near designer quality. The cotton gaze feels too flimsy to hold the shape after one wash, and the stitching doesn't always line up. The silk material, however, is rich and vibrant to hold for long. The Jackie O coat is a pleasant surprise as the tailoring is precise. The bustiers have sizing issues so make sure try on several of them for each size (if you are in a store) to find the best fit for you.
Love it or hate it, it's a collection that excited me after a month of "fashion break" in January. I don't doubt that it's going to be a great success later in Target, so don't wait for the sale. If you missed certain items as I did, let's just wait for the Target release. Don't pay for double on Ebay because they are insiders who traded before the puclic, and they are no different from the criminals.
Monday, January 8, 2007
Nan Kempner's clothes
My husband and I just visited the Metropolitan Museum of Art for the exhibition featuring Nan Kempner's clothing collection.
As many of you know, fashion is my hobby and I "collect" clothes that I love. As an ultimate collector and curator, Nan Kempner showed how much a woman could do with her closet. As many ladies especially ladies with strong financial resources, Mrs. Kempner owns an enormous closet. But the closet is only the background in the exhibition: what caught people's eyes are those couture pieces either custom made for her or showed on runway and sought after by numerous fashionistas.
Nan not only acquired some of the most exquisite pieces in fashion history, but often times put them together in the most unexpected way. She acquired one piece at a time to work with her existing collection so that the massive amount of clothes eventually offered countless of choices.
Many people find her outfits over the top and I heard people complaining in the Costume Institute about how "outrageous" some outfits look. But I just secretly laughed and enjoyed every single bit of it. This is not your typical weekend get away with jeans and tshirts. This is a woman (a rich woman) with unparralell fashion sense who expressed herself so well that she appeared to be too honest.
Nan definitely enjoyed herself until the last minute of her life. The exhibit features several outfits she wore in vacations the year when she passed away, and you could tell easily that this woman lived with style.
What striked me most were the pieces made before I was born. I didn't get into fashion until recent years when I started working, so fashion before year 2000 is even kind of blur to me. (not that I lived on Mars but strict school life didn't leave me any free time other than working out my brain and body.) Looking at Nan's clothing collection was like giving myself a fashion history class. All those amazing pleats and volume showed on runway that made me wow and sigh were actually done by the masters (especially Yves Saint Laurent) many many years ago. I realized that how little I know about fashion, and then I started buying books and reading more about fashion history.
It's an exhibition I highly recommend to go. Even if fashion is not your thing, it might show you a completely different kind of life. One last thing: my dear friend Gregory recently pointed out that the $20 cover is "recommended", so obviously you don't need to pay $20 to see less than one tenth of the Met.
Let me know how you like it after you're back.
As many of you know, fashion is my hobby and I "collect" clothes that I love. As an ultimate collector and curator, Nan Kempner showed how much a woman could do with her closet. As many ladies especially ladies with strong financial resources, Mrs. Kempner owns an enormous closet. But the closet is only the background in the exhibition: what caught people's eyes are those couture pieces either custom made for her or showed on runway and sought after by numerous fashionistas.
Nan not only acquired some of the most exquisite pieces in fashion history, but often times put them together in the most unexpected way. She acquired one piece at a time to work with her existing collection so that the massive amount of clothes eventually offered countless of choices.
Many people find her outfits over the top and I heard people complaining in the Costume Institute about how "outrageous" some outfits look. But I just secretly laughed and enjoyed every single bit of it. This is not your typical weekend get away with jeans and tshirts. This is a woman (a rich woman) with unparralell fashion sense who expressed herself so well that she appeared to be too honest.
Nan definitely enjoyed herself until the last minute of her life. The exhibit features several outfits she wore in vacations the year when she passed away, and you could tell easily that this woman lived with style.
What striked me most were the pieces made before I was born. I didn't get into fashion until recent years when I started working, so fashion before year 2000 is even kind of blur to me. (not that I lived on Mars but strict school life didn't leave me any free time other than working out my brain and body.) Looking at Nan's clothing collection was like giving myself a fashion history class. All those amazing pleats and volume showed on runway that made me wow and sigh were actually done by the masters (especially Yves Saint Laurent) many many years ago. I realized that how little I know about fashion, and then I started buying books and reading more about fashion history.
It's an exhibition I highly recommend to go. Even if fashion is not your thing, it might show you a completely different kind of life. One last thing: my dear friend Gregory recently pointed out that the $20 cover is "recommended", so obviously you don't need to pay $20 to see less than one tenth of the Met.
Let me know how you like it after you're back.
Monday, December 18, 2006
Cloak to be closed
I'm sure this news will upset my dear friend Faust very much. Although my experience with Cloak is only from a couple of pictures online, one visit to the boutique in Soho, and one conversation with the designer Alexandre Plokhov at Barneys, I feel deeply sad about what happened.
I bumped into Plokhov on a Sunday afternoon at the Barneys in NYC. I was in the shoe department, and I saw a familiar face from the "Seamless" DVD - Alexandre Plokhov. He was with his wife shopping.
His wife is a strong career woman with a big heart as far as I know. I remembered that my tears down when I watched Seamless when they went through difficult times with an ocean between them. The couple on that Sunday though, were relaxed and happy.
Alexandre's wife purchased a Balenciaga little black dress, and I happened to be around, too. (I was seriously like stalking them due to our similar shopping pace and I had to go to a different direction eventually trying to avoid bumping into them all the time. It was really awkward.) Alexandre made a comment on the fit, and then they decided to purchase it with Alexandre altering the dress for her. I felt so jealous of her having a designer husband at that moment.
We then had a brief chat. Alexandre was surprised at first that somebody would recognize him. Then I mentioned that I admired his wife very much for her full support. She blushed and leaned towards him. Then they mentioned that they were looking for a good financial backer. Alexandre wanted to do a women's line, but they needed money for it. I wish I had millions to do something, but apparently I don't. He sounded serious and concerned back then, but I was still surprised by the news today.
It's so sad that true designers like him can not keep the business for long. It's a fundamental conflict between being commercial and being creative. I just wish them the best.
I bumped into Plokhov on a Sunday afternoon at the Barneys in NYC. I was in the shoe department, and I saw a familiar face from the "Seamless" DVD - Alexandre Plokhov. He was with his wife shopping.
His wife is a strong career woman with a big heart as far as I know. I remembered that my tears down when I watched Seamless when they went through difficult times with an ocean between them. The couple on that Sunday though, were relaxed and happy.
Alexandre's wife purchased a Balenciaga little black dress, and I happened to be around, too. (I was seriously like stalking them due to our similar shopping pace and I had to go to a different direction eventually trying to avoid bumping into them all the time. It was really awkward.) Alexandre made a comment on the fit, and then they decided to purchase it with Alexandre altering the dress for her. I felt so jealous of her having a designer husband at that moment.
We then had a brief chat. Alexandre was surprised at first that somebody would recognize him. Then I mentioned that I admired his wife very much for her full support. She blushed and leaned towards him. Then they mentioned that they were looking for a good financial backer. Alexandre wanted to do a women's line, but they needed money for it. I wish I had millions to do something, but apparently I don't. He sounded serious and concerned back then, but I was still surprised by the news today.
It's so sad that true designers like him can not keep the business for long. It's a fundamental conflict between being commercial and being creative. I just wish them the best.
Wednesday, November 29, 2006
Who is driving the SALE?
You probably have sensed that the sale started very early this year. Almost all department stores started sale, or private sale, before Thanksgiving.
What happened? Who started first? What are the consequences?
It started with the Neiman Marcus private sale two weeks before Thanksgiving. There was a link to the department store's website with the entire Chloe and Alexander McQueen's ready-to-wear collection at 30% off. The private sale only lasted for one day, but many bag lovers grabbed the Chloe bags within hours.
When I visited Bergdorf Goodman at around the same time, I was informed by the sales people that they could put certain items on hold for me as pre-sale. I was surprised by how early it came, but went ahead to pick up some clothes without hesitation.
Then the domino fell. All department stores including Saks Fifth Avenue started "pre-sell" a week from the Thanksgiving fearing that the customers would be drawn to Neiman Marcus only.
Why did they start the sale so early this year? The economy is doing well, and the stock market is at historic high. They could have kept selling things at retail price hoping that the bankers buy those nice gifts before Christmas. But the stores didn't wait.
One related event was a comment made by Mr. Prada in a fashion award event. He called for early fashion show schedule and gained support from major department stores in the US to stock their pre-collection inventory months ahead of the normal time. It also seemed to me that the department stores increased their budget for cruise (pre-spring) collections and increased their inventory. If that was the case, then it totally made sense for the department stores to mark down the price early just so they made enough room for the cruise collection shipments.
As the last part of the sale chain, small business felt the pressure. All those boutiques selling contemporary clothing are now marking things down to 30% to 80% off the original price already. The Alexander McQueen boutique received customer's phone call right after the Neiman Marcus private sale requesting an earlier sale. The store started their private sale days before their normal schedule due to the customer requests they received.
I am very curious to see what happens next year. Is it a new practice now? Is it going to be sustainable? Well, the bottom line is that we consumers and fashion lovers gain. At least I've got my long-waited Alexander McQueen clothes and my Fendi skirt.
What happened? Who started first? What are the consequences?
It started with the Neiman Marcus private sale two weeks before Thanksgiving. There was a link to the department store's website with the entire Chloe and Alexander McQueen's ready-to-wear collection at 30% off. The private sale only lasted for one day, but many bag lovers grabbed the Chloe bags within hours.
When I visited Bergdorf Goodman at around the same time, I was informed by the sales people that they could put certain items on hold for me as pre-sale. I was surprised by how early it came, but went ahead to pick up some clothes without hesitation.
Then the domino fell. All department stores including Saks Fifth Avenue started "pre-sell" a week from the Thanksgiving fearing that the customers would be drawn to Neiman Marcus only.
Why did they start the sale so early this year? The economy is doing well, and the stock market is at historic high. They could have kept selling things at retail price hoping that the bankers buy those nice gifts before Christmas. But the stores didn't wait.
One related event was a comment made by Mr. Prada in a fashion award event. He called for early fashion show schedule and gained support from major department stores in the US to stock their pre-collection inventory months ahead of the normal time. It also seemed to me that the department stores increased their budget for cruise (pre-spring) collections and increased their inventory. If that was the case, then it totally made sense for the department stores to mark down the price early just so they made enough room for the cruise collection shipments.
As the last part of the sale chain, small business felt the pressure. All those boutiques selling contemporary clothing are now marking things down to 30% to 80% off the original price already. The Alexander McQueen boutique received customer's phone call right after the Neiman Marcus private sale requesting an earlier sale. The store started their private sale days before their normal schedule due to the customer requests they received.
I am very curious to see what happens next year. Is it a new practice now? Is it going to be sustainable? Well, the bottom line is that we consumers and fashion lovers gain. At least I've got my long-waited Alexander McQueen clothes and my Fendi skirt.
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