Even with the slow economy, it was a bit of a shocker when the ultra-cheap chain Steve & Barry's announced its closing last November. For anyone who wondered how they could make money selling nearly everything for under $20, the answer turned out to be: they couldn't. Even with celebrity lines like the Starbury shoe and Sarah Jessica Parker's Bitten, the numbers just didn't work. And now the latest: Target, the department store chain known for bringing high design to the masses, follows up the announcement of its upcoming Alexander McQueen collaboration with worse news, that it's eliminat
Jason Wu (New York)
If the world's hopes are now pinned on Barack Obama to save the United States, the ailing American fashion industry is looking to Michelle Obama as its own rescuer. First, there was the controversial red-and-black Narciso Rodriguez bondage dress she wore on election night. Then, the surprise choices of Isabel Toledo and Jason Wu looks for inauguration day, launching the highly-respected but littl
News flash: 28 fewer designers at NY Fashion Week
Looks like the party might be over. Last September, 80 designers showed their collections at New York Fashion Week. But for the upcoming FW 09-10 shows, only 52 have signed up so far. Notably, while Betsey Johnson, Naeem Khan, Monique Lhuiller, Vera Wang, and Carmen Marc Valvo have already announced they won't show in the tents, Oscar de la Renta will be showing twice. WSJ via NY Mag
