Recession and the Fashion Industry

The article I chose was “Make or Break Season” by Eric Wilson. This article talked of how many small designers who are newer to the industry are struggling to survive during the current recession. Many of these designers are falling on hard times finically as retailers go out of business leaving them with orders that have been produced but never paid for. As economic conditions for these designers worsen many are finding ways to cut down on cost. Several designers are choosing not to show at this year’s fashion week to the high costs involved with putting on a show. This article shows the impact the recession is having on the fashion and retail industry, and has importance in my life because as a graduating senior who is looking for a job it is important to be aware of the economic struggles currently facing the fashion and retail industry.